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Three Movers to Watch for: Arconic Inc. (ARNC), ServiceNow, Inc. (NOW), Abercrombie & Fitch Co. (ANF)

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Arconic Inc. (ARNC) grew with the stock adding 0.97% or $0.19 to close at $19.69 on light trading volume of 3.11M compared its three months average trading volume of 9.68M. The New York New York 10022 based company has been trending down for the last 52 weeks, with the shares price now -1.1% down for the period and down by -9.92% so far this year. With price target of $23.31 and a 44.8% rebound from 52-week low, Arconic Inc. has plenty of upside potential, making it a hold with a view buy.

Arconic Inc. develops, manufactures, and sells engineered products and solutions for the aerospace, industrial gas turbine, commercial transportation, and oil and gas markets worldwide. It offers airfoils, fasteners, rings, forgings, extrusions, alloys, and industrial gas turbines; and titanium aero ingots and mill products, as well as multi-material airframe subassemblies, technologies, and materials, such as 3D printing and titanium aluminides. The company also provides aluminum sheets and plates for the aerospace, automotive, commercial transportation, brazing, and industrial markets. In addition, it provides forged aluminum truck wheels and other transportation products; aluminum curtain walls and front entry systems, including self-cleaning facades, and blast proof and hurricane resistant entrances for building and construction markets; and extrusions for trains, buildings, and various industrial applications. The company was formerly known as Alcoa Inc. and changed its name to Arconic Inc. in November 2016. Arconic Inc. was founded in 1888 and is based in New York, New York.

ServiceNow, Inc. (NOW) dropped $-0.53 to close the day at a new closing price of $76.56, a -0.69% decrease in value from its previous closing price that moved the stock 66.43% above its 52 week low of $46. A total of 3.1M shares exchanged hands during the day compared with its three month average trading volume of 1.77M. The stock, which fluctuated between $72.8 and $76.71 during the day, currently situated -16.13% below its 52 week high. The stock is down by -9.49% in the past one month and up by 0.42% over the past three months. With a one year target estimate of $94.43 and RSI of 32.52, the stock still has upside potential, making it a hold for now.

ServiceNow, Inc. provides enterprise cloud-based solutions that define, structure, manage, and automate services in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It offers service management solutions, including incident management, problem management, change management, and request management, as well as service catalog and knowledge base; and information technology (IT), HR, customer service, security operations, facilities, and field service management solutions. The company also provides business management solutions, such as financial management solutions; project portfolio suite that provides capabilities to plan, organize, and manage projects; governance, risk, and compliance solution that provides clarity into compliance and audit initiatives; and performance analytics solutions, as well as offers ServiceNow platform that integrates various business applications. In addition, it offers IT operations management solutions that include ServiceWatch Mapping, a service mapping and discovery solution; ServiceWatch Insight that adds event management to the ServiceWatch Mapping bundle, as well as offers insight on the issues affecting service availability and performance; and ServiceWatch Suite that adds orchestration and cloud management to the ServiceNow ITOM products. Further, the company offers professional, education, and customer support services. It serves enterprises in various industries, including financial services, consumer products, IT services, health care, and technology. The company sells products through its direct sales team, as well as indirectly through third-party channels by partnering with systems integrators, managed services providers, and resale partners. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. ServiceNow, Inc. was founded in 2004 and is headquartered in Santa Clara, California.

Abercrombie & Fitch Co. (ANF) shares were down in last trading by -0.42% to $14.2. It experienced lighter than average volume on day. The stock decreased in value by almost -5.57% over the past week and fell -1.3% in the past month. It is currently trading -7.36% below its 50 day moving average and -32.39% below its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -55.23% decrease in value from its one year high of $32.83. The RSI indicator value of 40.97, lead us to believe that it is a hold for now.

Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer of casual apparel. The company sells knit and woven shirts, graphic T-shirts, fleece, jeans and woven pants, shorts, sweaters, and outerwear; personal care products; and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, and Hollister brand names. As of March 2, 2016, it operated through 754 stores in the United States; and 178 stores in Canada, Europe, Asia, and the Middle East. The company sells its products through its stores and direct-to-consumer sales. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.

 

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