Business

Brokers Watch List: Finisar Corporation (NASDAQ:FNSR), Celanese Corporation (NYSE:CE), Pilgrim’s Pride Corporation (NASDAQ:PPC)

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Finisar Corporation (NASDAQ:FNSR) fall -0.10% during last trading as the stock less $0.02 to finish the day at $20.67 with about 929,325.00 shares changing hands, compared to its three month average trading volume of 1.05M. The $2.27B market cap company, which fluctuated between $20.47 and $20.75 during the day, currently situated 93.90% above its 52 week low of $10.66 and -0.10% away from its one year high of $20.69. The RSI of 64.01 indicates the stock is overbought at the current levels, sell for now. Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Company’s optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables.

Celanese Corporation (NYSE:CE) fall -$0.10 to close the day at a new closing price of $66.30, a -0.15% decrease in value from its previous closing price that moved the stock 24.47% above its 52 week low of $53.27. A total of 926,744.00 shares exchanged hands during the day compared with its three month average trading volume of 972,095.00. The stock, which fluctuated between $65.99 and $66.49 during the day, currently situated -10.12% below its 52 week high. The stock is down by -4.53% in the past one month and down by -5.06% over the past three months. With a one year target estimate of $75.13 and RSI of 49.85, the stock still has upside potential, making it a hold for now. Celanese Corporation (Celanese) is a technology and specialty materials company. The Company operates through four segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates.

Pilgrim’s Pride Corporation (NASDAQ:PPC) had a light trading with around 926,139.00 shares changing hands compared to its three month average trading volume of 1.18M. The stock traded between $23.36 and $23.65 before closing at the price of $23.55 with 0.30% change on the day. The company is currently trading 51.24% above its 52 week low of $51.24 and -11.13% below its 52 week high of $26.50. Both the RSI indicator and target price of 48.50 and $26.67 respectively, lead us to believe that it could drop over the coming weeks. Pilgrim’s Pride Corporation (Pilgrim’s) is a retail food store. The Company is a producer and seller of chicken products with operations in the United States, Mexico and Puerto Rico. The Company is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators.

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