Business

Stocks Movement Analysis: Pattern Energy Group Inc (NASDAQ:PEGI), Sinclair Broadcast Group Inc (NASDAQ:SBGI), Air Products & Chemicals, Inc. (NYSE:APD)

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Pattern Energy Group Inc (NASDAQ:PEGI) fall -0.25% during last trading as the stock less -$0.06 to finish the day at $23.71 with about 984,832.00 shares changing hands, compared to its three month average trading volume of 1.07M. The $2.04B market cap company, which fluctuated between $23.46 and $23.85 during the day, currently situated 69.28% above its 52 week low of $14.01 and -5.65% away from its one year high of $25.13. The RSI of 51.04 indicates the stock is overbought at the current levels, sell for now. Pattern Energy Group Inc. (Pattern Energy) is an independent power company focused on owning and operating power projects.

Sinclair Broadcast Group Inc (NASDAQ:SBGI) gained $0.45 to close the day at a new closing price of $29.32, a 1.56% increase in value from its previous closing price that moved the stock 24.68% above its 52 week low of $23.52. A total of 982,511.00 shares exchanged hands during the day compared with its three month average trading volume of 804,082.00. The stock, which fluctuated between $28.77 and $29.40 during the day, currently situated -17.40% below its 52 week high. The stock is down by -3.01% in the past one month and down by -2.58% over the past three months. With a one year target estimate of $38.60 and RSI of 50.48, the stock still has upside potential, making it a hold for now. Sinclair Broadcast Group, Inc. is a television broadcasting company. The Company owns or provides certain programming, operating or sales services to television stations in the United States. The Company’s segments include Broadcast, Other and Corporate.

Air Products & Chemicals, Inc. (NYSE:APD) had a light trading with around 981,993.00 shares changing hands compared to its three month average trading volume of 974,938.00. The stock traded between $153.69 and $155.94 before closing at the price of $155.68 with 0.46% change on the day. The company is currently trading 37.47% below its 52 week low of $113.24 and 0.44% above its 52 week high of $155.00. Both the RSI indicator and target price of 74.88 and $160.75 respectively, lead us to believe that it could drop over the coming weeks. Air Products and Chemicals, Inc. is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage.

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