Street Reports

Stocks Trend Analysis: Twitter, Inc. (TWTR) Bank of America Corporation (BAC) Cosi Inc. (COSI)

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Twitter, Inc. (TWTR) failed to extend gains with the stock declining -20.1% or $-5 to close the day at $19.87 on light trading volume of 109.04M shares, compared to its three month average trading volume of 30.07M. The San Francisco California 94103 based company has been underperforming the internet information providers group over the past 52 weeks, with the stock losing -33.39%, compared to the industry which has advanced 22.13% over the same period. With RSI of 45.58, the stock should still continue to rise and get closer to its one year target estimate of $16.52, making it a hold for now.

Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to create, distribute, and discover content; and Periscope and Vine, a mobile application that enables user to broadcast and watch video live. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends that enable its advertisers to promote their brands, products, and services; and subscription access to its data feed for data partners. In addition, the company offers a set of tools, public APIs, and embeddable widgets for developers to contribute their content to its platform; syndicate and distribute Twitter content across their properties; and enhance their Websites and applications with Twitter content. Twitter, Inc. was founded in 2006 and is headquartered in San Francisco, California.

Bank of America Corporation (BAC) grew with the stock adding 0.68% or $0.11 to close at $16.22 on light trading volume of 75.79M compared its three months average trading volume of 83.19M. The Charlotte North Carolina 28255 based company operating under the Money Center Banks industry has been trending up for the last 52 weeks, with the shares price now 4.5% up for the period and down by -2.48% so far this year. With price target of $17.45 and a 49.34% rebound from 52-week low, Bank of America Corporation has plenty of upside potential, making it a hold with a view buy.

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through five segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, Global Markets, and Legacy Assets & Servicing. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans. This segment provides its products and services through approximately 4,700 financial centers, 16,000 ATMs, call centers, and online and mobile platforms. The Global Wealth & Investment Management segment offers investment management, brokerage, banking, and retirement products, as well as wealth management and customized solutions. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, real estate lending, and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. The Legacy Assets & Servicing segment engages in mortgage servicing activities related to residential first mortgage and home equity loans; and managing legacy exposures related to mortgage origination, sales, and servicing. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.

Cosi Inc. (COSI) managed to rebound with the stock climbing 24.42% or $0.01 to close the day at $0.04 on higher than average trading volume of 62.5M shares, compared to its three month average trading volume of 5.45M. The Boston Massachusetts 02108 based company has been outperforming the restaurants companies by -87.4237% for last three months and its recent losses have pulled the stock down -91.43% YTD, versus the restaurants industry which is down -3.71% for the same period. The RSI of 27.26 indicates the stock is oversold at the current levels, buy for now.

Cosi, Inc. owns, operates, and franchises fast-casual restaurants. The company offers food and beverage products for four dayparts comprising breakfast, lunch, snacking, and dinner. It also provides catering services for breakfast, lunch, afternoon snacking, and special events. As of December 28, 2015, the company operated 79 company-owned and 31 franchise restaurants in 15 states, the District of Columbia, the United Arab Emirates, and Costa Rica. Cosi, Inc. was founded in 1994 and is headquartered in Boston, Massachusetts. On September 28, 2016, Cosi, Inc., along with its 4 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Massachusetts.

 

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