Peter Elliott

Worth Watching Stocks: Huntington Bancshares Incorporated (HBAN), Exxon Mobil Corporation (XOM), NVIDIA Corporation (NVDA)

Huntington Bancshares Incorporated (HBAN) saw its value decrease by -1.93% as the stock dropped $-0.26 to finish the day at a closing price of $13.24. The stock was lighter in trading and has fluctuated between $7.95-$14.17 per share for the past year. The shares, which traded within a range of $13.16 to $13.44 during the day, are up by 26.14% in the past three months and up by 43.02% over the past six months. It is currently trading -1.16% below its 20 day moving average and 0.71% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $14.8 a share over the next twelve months. The current relative strength index (RSI) reading is 47.55.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company’s Retail and Business Banking segment offers financial products and services, including checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, insurance, interest rate risk protection, and foreign exchange and treasury management services. Its Commercial Banking segment provides corporate risk management and institutional sales, trading, and underwriting services; commercial property and casualty, employee benefits, personal lines, life and disability, and specialty lines of insurance; and brokerage and agency services for residential and commercial title insurance, as well as excess and surplus product lines of insurance. The company’s Automobile Finance and Commercial Real Estate segment offers financing for the purchase of vehicles; financing the acquisition of new and used vehicle inventory of franchised automotive dealerships; and financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers. Its Regional Banking and The Huntington Private Client Group segment provides deposits, lending, and other banking services; wealth management services, and retirement plan and corporate trust services; and brokerage, annuities, advisory, and other investment products. The company’s Home Lending segment offers consumer loans and mortgages. Huntington Bancshares Incorporated also provides equipment leasing; and online, mobile, and telephone banking services. The company was founded in 1866 and is headquartered in Columbus, Ohio.

Exxon Mobil Corporation (XOM) shares were up in last trading by 0.61% to $83.45. It experienced higher than average volume on day. The stock decreased in value by almost -2.51% over the past week and fell -8.19% in the past month. It is currently trading -4.96% below its 50 day moving average and -4.45% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -11.14% decrease in value from its one year high of $95.55. The RSI indicator value of 35.26, lead us to believe that it is a hold for now.

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products. As of December 31, 2015, the company had approximately 35,909 gross and 30,114 net operated wells. Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas.

NVIDIA Corporation (NVDA) traded within a range of $112.06 to $115.74 after opening the day at $113.3. The company has seen its stock increase in value by 8.1% so far this year. The stock was up close to 1.26% on light volume in last trading session and closed at $115.39 per share. After the recent gain, the stock is currently holding -3.79% below its 52 week high of $119.93 and 370.7% above its 12-month low of $24.75. The shares are up by over 67.36% in the last three months, and the RSI indicator value of 67.65 is neither bullish nor bearish, tempting investors to stay on the sidelines.

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for deep learning, accelerated computing, and general purpose computing; and GRID for cloud-based streaming on gaming devices. The Tegra Processor segment provides processors that integrate a computer onto a single chip under the Tegra brand name; DRIVE automotive computers, which offer supercomputing capabilities; and tablet and portable devices for mobile gaming under the SHIELD name. The company’s products are used in gaming, professional visualization, datacenter, and automotive markets. It sells its products primarily to original equipment manufacturers, original design manufacturers, system builders, motherboard manufacturers, add-in board manufacturers, and retailers/distributors. The company has a collaboration with ZENRIN to develop a cloud-to-car HD map solution for self-driving cars. NVIDIA Corporation was founded in 1993 and is headquartered in Santa Clara, California.

 

Stocks Under Review: CenturyLink, Inc. (CTL), Halliburton Company (HAL), Mylan N.V. (MYL)

CenturyLink, Inc. (CTL) continued its downward trend with the stock declining -0.98% or $-0.25 to close the day at $25.26 on light trading volume of 6.19M shares, compared to its three month average trading volume of 9.08M. The Monroe Louisiana 71203 based company has been outperforming the telecom services – domestic group over the past 52 weeks, with the stock gaining 4.74%, compared to the industry which has advanced 8.65% over the same period. With RSI of 50.06, the stock should still continue to rise and get closer to its one year target estimate of $28.58, making it a hold for now.

CenturyLink, Inc. provides various communications services to residential, business, wholesale, and governmental customers in the United States. It operates through two segments, Business and Consumer. The company offers high-speed Internet services, which allow customers to connect to the Internet through their existing telephone lines or fiber-optic cables; multi-protocol label switching, a data networking technology to support real-time voice and video; and private line services for the transmission of data between sites. It also provides Ethernet services, including point-to-point and multi-point equipment configurations that facilitate data transmissions across metropolitan areas and wide area networks (WAN); colocation services that enable its customers to install their own information technology (IT) equipment; and managed hosting services comprising cloud and traditional computing, application management, back-up, storage, and other services. In addition, the company offers video entertainment services and satellite digital television; Voice over Internet Protocol, a real-time, two-way voice communication service; and managed services that consist of network, hosting, cloud, and IT services. Further, it provides local calling, long-distance voice, integrated services digital network, WAN, and switched access services; and data integration, which includes the sale of telecommunications equipment and providing network management, installation, and maintenance of data equipment, and the building of proprietary fiber-optic broadband networks. Additionally, the company leases and subleases space in its office buildings, warehouses, and other properties. As of December 31, 2015, it served approximately 6 million high-speed Internet subscribers and 285 thousand television subscribers; and operated 59 data centers in North America, Europe, and Asia. CenturyLink, Inc. was founded in 1968 and is headquartered in Monroe, Louisiana.

Halliburton Company (HAL) grew with the stock adding 0.11% or $0.06 to close at $56.29 on light trading volume of 6.18M compared its three months average trading volume of 8.4M. The Houston Texas 77032 based company operating under the Oil & Gas Equipment & Services industry has been trending up for the last 52 weeks, with the shares price now 79.19% up for the period and up by 4.07% so far this year. With price target of $63.11 and a 104.82% rebound from 52-week low, Halliburton Company has plenty of upside potential, making it a hold with a view buy.

Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company’s Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment. It also provides completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger systems, sand control systems, and service tools; pressure control services comprising coiled tubing, hydraulic workover units, and downhole tools; and pipeline and process services, such as pre-commissioning and maintenance, subsea pipeline, conventional pipeline, and process services. In addition, this segment offers oilfield production and completion chemicals and services; electrical submersible pumps and progressive cavity pumps; and installation, maintenance, repair, and testing services. The company’s Drilling and Evaluation segment provides drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; and drilling systems and services. It also offers wireline and perforating services that include open-hole logging, cased-hole and slickline, borehole seismic, and formation and reservoir solutions; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. In addition, this segment offers integrated exploration, drilling, and production software, as well as related professional and data management services; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and oilfield project management and integrated solutions. Halliburton Company was founded in 1919 and is based in Houston, Texas.

Mylan N.V. (MYL) continued its upward trend with the stock climbing 0.88% or $0.34 to close the day at $39 on higher than average trading volume of 6.18M shares, compared to its three month average trading volume of 5.65M. The Hatfield Hertfordshire EN6 1AG based company has been outperforming the drugs – generic companies by 4.8608% for last three months and its recent gains have pushed the stock slightly up 2.23% YTD, versus the drugs – generic industry which is up 6.28% for the same period. The RSI of 62.48 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Mylan N.V., together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic, branded generic, and specialty pharmaceuticals worldwide. The company provides generic or branded generic pharmaceutical products in tablet, capsule, injectable, transdermal patch, gel, cream, or ointment forms, as well as active pharmaceutical ingredients (APIs). It is also involved in the development of APIs with non-infringing processes for internal use and to partner with manufacturers; and manufacture and sale of injectable products in antineoplastics, anti-infectives, anesthesia/pain management, and cardiovascular therapeutic areas. In addition, the company produces finished dosage form and oral solid dose products; and offers antiretroviral therapies to third parties. Further, it manufactures and sells branded specialty injectable and nebulized products comprising EpiPen Auto-Injector to treat severe allergic reactions; Perforomist Inhalation Solution, a formoterol fumarate inhalation solution for the maintenance treatment of bronchoconstriction in chronic obstructive pulmonary disorder patients; and ULTIVA, an analgesic agent used during the induction and maintenance of general anesthesia for inpatient and outpatient procedures. It sells generic pharmaceutical products to proprietary and ethical pharmaceutical wholesalers and distributors, group purchasing organizations, drug store chains, independent pharmacies, drug manufacturers, institutions, and public and governmental agencies; and specialty pharmaceuticals to pharmaceutical wholesalers and distributors, pharmacies, and healthcare institutions. Mylan N.V. has a collaboration agreement with Momenta Pharmaceuticals, Inc. to develop, manufacture, and commercialize Momenta Pharmaceuticals, Inc.’s biosimilar candidates. The company was formerly known as New Moon B.V. Mylan N.V. was founded in 1961 and is based in Hertfordshire, the United Kingdom.

 

Worth Watching Stocks: Automatic Data Processing, Inc. (ADP), Las Vegas Sands Corp. (LVS), Baxter International Inc. (BAX)

Automatic Data Processing, Inc. (ADP) saw its value increase by 1.12% as the stock gained $1.07 to finish the day at a closing price of $96.32. The stock was higher in trading and has fluctuated between $78.98-$104.09 per share for the past year. The shares, which traded within a range of $95.03 to $97.19 during the day, are up by 11.48% in the past three months and up by 10.52% over the past six months. It is currently trading -5.92% below its 20 day moving average and -3.84% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $99.69 a share over the next twelve months. The current relative strength index (RSI) reading is 32.05.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Automatic Data Processing, Inc., together with its subsidiaries, provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled human capital management (HCM) solutions, including payroll services, benefits administration services, talent management, human resources management solutions, time and attendance management solutions, insurance services, retirement services, and tax and compliance solutions. This segment’s integrated HCM solutions include RUN Powered by ADP, ADP Workforce Now, ADP Vantage HCM, and ADP GlobalView, which assist employers of all sizes in all stages of the employment cycle from recruitment to retirement; and ADP SmartCompliance and ADP Health Compliance. The PEO Services segment provides a human resources (HR) outsourcing solution through a co-employment model to small and mid-sized businesses. This segment offers ADP TotalSource that provides various HR management services and employee benefits functions, such as HR administration, employee benefits, and employer liability management into a single-source solution. The company was founded in 1949 and is headquartered in Roseland, New Jersey.

Las Vegas Sands Corp. (LVS) shares were down in last trading by -0.12% to $51.69. It experienced lighter than average volume on day. The stock decreased in value by almost -1.37% over the past week and fell -3.08% in the past month. It is currently trading -8.56% below its 50 day moving average and 0.35% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -17.4% decrease in value from its one year high of $63.38. The RSI indicator value of 32.95, lead us to believe that it is a hold for now.

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, Sands Cotai Central, the Four Seasons Hotel Macao, Cotai Strip, the Plaza Casino, and the Sands Macao in Macao, the People’s Republic of China; and iconic Marina Bay Sands in Singapore. The company also owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino, and Five-Diamond luxury resorts on the Las Vegas Strip; Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania. Its integrated resorts include accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.

Baxter International Inc. (BAX) traded within a range of $47.92 to $48.97 after opening the day at $47.92. The company has seen its stock increase in value by 8.55% so far this year. The stock was up close to 0.06% on active volume in last trading session and closed at $48.13 per share. After the recent gain, the stock is currently holding -3.77% below its 52 week high of $50.16 and 37% above its 12-month low of $35.54. The shares are up by over 2.94% in the last three months, and the RSI indicator value of 74.51 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.

Baxter International Inc. provides a portfolio of renal and hospital products. Its Renal segment provides products and services to treat end-stage renal disease, irreversible kidney failure, and acute kidney therapies. This segment offers a comprehensive portfolio to meet the needs of patients across the treatment continuum, including technologies and therapies for peritoneal dialysis, in-center hemodialysis (HD), home HD, continuous renal replacement therapy, and additional dialysis services. The Hospital Products segment manufactures intravenous (IV) solutions and administration sets, premixed drugs and drug-reconstitution systems, pre-filled vials and syringes for injectable drugs, IV nutrition products, infusion pumps, inhalation anesthetics, and biosurgery products. This segment also provides products and services related to pharmacy compounding, drug formulation, and packaging technologies. The company sells its products for use in hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, doctors’ offices, and by patients at home under physician supervision. Baxter International Inc. offers its products through direct sales force, independent distributors or sales agents, drug wholesalers, and specialty pharmacy or other alternate site providers in approximately 100 countries. It has a collaboration agreement with JW Holdings Corporation to co-develop and distribute parenteral nutritional products containing a novel formulation of omega 3 lipids; and agreement with Celerity Pharmaceutical, LLC to develop certain acute care generic injectable premix and oncolytic molecules. The company was founded in 1931 and is headquartered in Deerfield, Illinois.

 

Investor’s Watch List: Molson Coors Brewing Company (TAP), Palo Alto Networks, Inc. (PANW), Coca-Cola European Partners Plc (CCE)

Molson Coors Brewing Company (TAP) had a light trading with around 1.09M shares changing hands compared to its three month average trading volume of 1.57M. The stock traded between $95.89 and $97.21 before closing at the price of $95.95 with -0.49% change on the day. The Denver Colorado 80202 based company is currently trading 20.81% above its 52 week low of $80.78 and -14.12% below its 52 week high of $112.19. Both the RSI indicator and target price of 45.87 and $0 respectively, lead us to believe that it should be put on hold over the coming weeks.

Molson Coors Brewing Company manufactures and sells beer and other beverage products. The company sells its products under the Coors Light, Molson Canadian, Belgian Moon, Carling, Carling Black Label, Coors Altitude, Coors Banquet, Creemore Springs, the Granville Island, Keystone, Mad Jack, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Pilsner, and the Rickard’s family brands in Canada; and brews or distributes under the Amstel Light, Heineken, Murphy’s, Newcastle Brown Ale, Strongbow cider, Desperados, Dos Equis, Moretti, Sol, and Tecate brands. It also sells various brands in the United States and Puerto Rico, such as Coors Light, Miller Lite, MillerCoors, Coors Banquet, Coors Peak, Hamm’s, Keystone Light, Icehouse, Mickey’s, Miller 64, Miller Fortune, Miller Genuine Draft, Miller High Life, Milwaukee’s Best, Old English 800, Steel Reserve, Grolsch, Peroni Nastro Azzurro, Pilsner Urquell, Crispin, Smith & Forge, Blue Moon, and Jacob Leinenkugel Brewing Company brands, as well as Henry’s hard sodas; and brews or distributes under the George Killian’s Irish Red, Redd’s, Foster’s, and Molson brands. In addition, the company sells Carling, Staropramen, Apatinsko, Astika, Bergenbier, Borsodi, Branik, Coors Light, Jelen, Kamenitza, Niksicko, Noroc, Ostravar, Ozujsko, Sharp’s Doom Bar, Worthington’s, Beck’s, Belle-Vue Kriek, Hoegaarden, Leffe, Lowenbrau, Löwenweisse, Spaten, Stella Artois, Corona Extra, Rekorderlig cider, Cobra, Grolsch, Singha, and other Modelo brands; and regional ale and factored brands in Europe. Further, it sells Carling, Coors Light, Staropramen, Blue Moon, Cobra, Corona, Molson Canadian, Carling Strong, Coors, Coors 1873, Coors Extra, Coors Gold, Iceberg 9000, King Cobra, Royal Brew, Thunderbolt, and Zima brands. The company was formerly known as Adolph Coors Company and changed its name to Molson Coors Brewing Company in February 2005. The Company was founded in 1786 and is headquartered in Denver, Colorado.

Palo Alto Networks, Inc. (PANW) continued its downward trend with the stock declining -0.36% or $-0.52 to close the day at $145.57 on light trading volume of 1.09M shares, compared to its three month average trading volume of 1.75M. The Santa Clara California 95054 based company has been outperforming the networking & communication devices group over the past 52 weeks, with the stock gaining 0.57%, compared to the industry which has advanced 34.45% over the same period. With RSI of 69.1, the stock should still continue to rise and get closer to its one year target estimate of $172.51, making it a hold for now.

Palo Alto Networks, Inc. provides security platform solutions to enterprises, service providers, and government entities worldwide. Its platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network-based cyber threats; Advanced Endpoint Protection, which prevents cyber attacks that exploit software vulnerabilities on various fixed and virtual endpoints and servers; and Threat Intelligence Cloud, which offers central intelligence capabilities, security for software as a service applications, and automated delivery of preventative measures against cyber attacks. The company provides firewall appliances; Panorama, a security management solution for the control of appliances deployed on an end-customer’s network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as an extensions to the virtual system capacity that ships with the physical appliances. It also offers subscription services covering the areas of threat prevention, uniform resource filtering, malware and persistent threat, laptop and mobile device, and firewall protection services, as well as cyber attack, threat intelligence, and content control services. In addition, the company provides support and maintenance services; and professional services, including application traffic management, solution design and planning, configuration, and firewall migration, as well as provides online and classroom-style education training services. Palo Alto Networks, Inc. primarily sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries comprising education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was founded in 2005 and is headquartered in Santa Clara, California.

Coca-Cola European Partners Plc (CCE) shares were up in last trading by 0.6% to $34.95. It experienced lighter than average volume on day. The stock increased in value by almost 1.51% over the past week and grew 11.41% in the past month. It is currently trading 7.31% above its 50 day moving average and -3.61% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -14.47% decrease in value from its one year high of $54.54. The RSI indicator value of 71.98, lead us to believe that it may reverse gains in the near term.

Coca-Cola European Partners plc, a consumer packaged goods company, produces, distributes, and markets a range of non-alcoholic ready-to-drink beverages in Europe. The company was founded in 2015 and is headquartered in Uxbridge, United Kingdom. Coca-Cola European Partners plc is a subsidiary of The Coca-Cola Company.

 

Stocks in the Spotlight: Praxair, Inc. (PX), Adobe Systems Incorporated (ADBE), Alphabet Inc. (GOOGL)

Praxair, Inc. (PX) had a active trading with around 1.71M shares changing hands compared to its three month average trading volume of 1.47M. The stock traded between $116.54 and $117.34 before closing at the price of $116.62 with -1.13% change on the day. The Danbury Connecticut 06810 based company is currently trading 22.46% above its 52 week low of $100.47 and -6.31% below its 52 week high of $125. Both the RSI indicator and target price of 44.07 and $1.6 respectively, lead us to believe that it should be put on hold over the coming weeks.

Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. The company offers atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs, engineers, and builds equipment that produces industrial gases; and manufactures precious metal and ceramic sputtering targets used primarily in the production of semiconductors. In addition, the company supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders to the aircraft, energy, printing, primary metals, petrochemical, textile, and other industries. Further, it provides electric arc, plasma and wire spray, and high-velocity oxy-fuel equipment; and distributes hardgoods and welding equipment purchased from independent manufacturers. The company sells its products primarily through independent distributors. It serves various industries, such as healthcare, petroleum refining, manufacturing, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, and water treatment. Praxair, Inc. was founded in 1907 and is headquartered in Danbury, Connecticut.

Adobe Systems Incorporated (ADBE) continued its downward trend with the stock declining -0.18% or $-0.2 to close the day at $113.16 on light trading volume of 1.7M shares, compared to its three month average trading volume of 2.7M. The San Jose California 95110 based company has been outperforming the application software group over the past 52 weeks, with the stock gaining 28.61%, compared to the industry which has advanced 19.49% over the same period. With RSI of 69.93, the stock should still continue to rise and get closer to its one year target estimate of $122.76, making it a hold for now.

Adobe Systems Incorporated operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. This segment’s flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products. This segment serves traditional content creators, Web application developers, and digital media professionals, as well as their management in marketing departments and agencies, companies, and publishers. The company’s Digital Marketing segment offers solutions for how digital advertising and marketing are created, managed, executed, measured, and optimized. This segment provides analytics, social marketing, targeting, advertising and media optimization, digital experience management, cross-channel campaign management, and audience management solutions, as well as video delivery and monetization to digital marketers, advertisers, publishers, merchandisers, Web analysts, chief marketing officers, chief information officers, and chief revenue officers. Its Print and Publishing segment offers products and services, such as eLearning solutions, technical document publishing, Web application development, and high-end printing, as well as publishing needs of technical and business, and original equipment manufacturers (OEMs) printing businesses. The company markets and licenses its products and services directly to enterprise customers through its sales force, as well as to end-users through app stores and through its Website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, independent software vendors, retailers, and OEMs. The company was founded in 1982 and is headquartered in San Jose, California.

Alphabet Inc. (GOOGL) shares were up in last trading by 0.37% to $818.26. It experienced lighter than average volume on day. The stock decreased in value by almost -4.52% over the past week and grew 1.27% in the past month. It is currently trading 1.05% above its 50 day moving average and 5.16% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -5.62% decrease in value from its one year high of $867. The RSI indicator value of 48.67, lead us to believe that it is a hold for now.

Alphabet Inc., through its subsidiaries, provides online advertising services in the United States, the United Kingdom, and rest of the world. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, and Google Play, as well as technical infrastructure and newer efforts, such as Virtual Reality. This segment also sells hardware products comprising Chromecast, Chromebooks, and Nexus. The Other Bets segment includes businesses, such as Access/Google Fiber, Calico, Nest, Verily, GV, Google Capital, X, and other initiatives. Alphabet Inc. was founded in 1998 and is headquartered in Mountain View, California.

 

Momentum Stocks: Zimmer Biomet Holdings, Inc. (ZBH), Dollar General Corporation (DG), Ventas, Inc. (VTR)

Zimmer Biomet Holdings, Inc. (ZBH) retreated with the stock falling -0.75% or $-0.89 to close at $117.62 on light trading volume of 1.69M compared its three months average trading volume of 1.88M. The Warsaw Indiana 46581 based company operating under the Medical Appliances & Equipment industry has been trending up for the last 52 weeks, with the shares price now 21.98% up for the period and up by 13.97% so far this year. With price target of $130.6 and a 34.4% rebound from 52-week low, Zimmer Biomet Holdings, Inc. has plenty of upside potential, making it a hold with a view buy.

Zimmer Biomet Holdings, Inc., together with its subsidiaries, provides musculoskeletal healthcare products and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Americas Spine, Bone Healing, Craniomaxillofacial and Thoracic (CMF), and Dental. It designs, manufactures, and markets orthopaedic reconstructive products, such as knee and hip reconstructive products; S.E.T. products, including surgical, sports medicine, biologics, foot and ankle, extremities, and trauma products; dental products that include dental reconstructive implants, and dental prosthetic and regenerative products; and spine products comprising medical devices and surgical instruments. The company also offers face and skull reconstruction products, as well as products that fixate and stabilize the bones of the chest to facilitate healing or reconstruction after open heart surgery, trauma, or for deformities of the chest. In addition, it provides bone cement and bone healing products. The company’s products and solutions are used to treat patients suffering from disorders of, or injuries to, bones, joints, or supporting soft tissues. It serves orthopaedic surgeons, neurosurgeons, oral surgeons, dentists, hospitals, stocking distributors, healthcare dealers, and other specialists, as well as agents, healthcare purchasing organizations, or buying groups. The company was formerly known as Zimmer Holdings, Inc. and changed its name to Zimmer Biomet Holdings, Inc. in June 2015. Zimmer Biomet Holdings, Inc. was founded in 1927 and is headquartered in Warsaw, Indiana.

Dollar General Corporation (DG) had a light trading with around 1.68M shares changing hands compared to its three month average trading volume of 3.14M. The stock traded between $73.22 and $74.18 before closing at the price of $73.5 with 0.15% change on the day. The Goodlettsville Tennessee 37072 based company is currently trading 10.89% above its 52 week low of $66.5 and -23.62% below its 52 week high of $96.88. Both the RSI indicator and target price of  and $79.94 respectively, lead us to believe that it could rise over the coming weeks.

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, frozen meals, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products. It also provides seasonal products, including decorations, toys, batteries, small electronics, greeting cards, stationery products, prepaid phones and accessories, gardening supplies, hardware products, and automotive and home office supplies; and home products consisting of kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen products, beds, and bath soft goods. In addition, the company offers apparel for infants, toddlers, girls, boys, women, and men, as well as socks, underwear, disposable diapers, shoes, and accessories. As of August 13, 2016, it operated 13,000 stores located in 43 states. The company was formerly known as J.L. Turner & Son, Inc. and changed its name to Dollar General Corporation in 1968. Dollar General Corporation was founded in 1939 and is based in Goodlettsville, Tennessee.

Ventas, Inc. (VTR) saw its value increase by 1.78% as the stock gained $1.08 to finish the day at a closing price of $61.72. The stock was lighter in trading and has fluctuated between $46.87-$76.8 per share for the past year. The shares, which traded within a range of $60.6 to $61.94 during the day, are down by -4.01% in the past three months and down by -14.28% over the past six months. It is currently trading -0.16% below its 20 day moving average and 1.08% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $64.31 a share over the next twelve months. The current relative strength index (RSI) reading is 53.38.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, management, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada. The firm primarily invests in healthcare-related facilities including hospitals, skilled nursing facilities, senior housing facilities, medical office buildings, and other healthcare related facilities. Ventas, Inc. was founded in 1983 and is based in Chicago, Illinois with additional offices in Irvine, California; Louisville, Kentucky; Charlotte, North Carolina; and Dallas, Texas.

 

Stocks in Focus: Xilinx, Inc. (XLNX), Danaher Corporation (DHR), KKR & Co. L.P. (KKR)

Xilinx, Inc. (XLNX) had a light trading with around 2.4M shares changing hands compared to its three month average trading volume of 2.96M. The stock traded between $56.6 and $58.19 before closing at the price of $58.14 with 1.31% change on the day. The San Jose California 95124 based company is currently trading 42.91% above its 52 week low of $41.53 and -6.59% below its 52 week high of $62.24. Both the RSI indicator and target price of 50.99 and $59.79 respectively, lead us to believe that it should be put on hold over the coming weeks.

Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP). The company also offers development boards; development kits, including hardware, design tools, IP, and reference designs that are designed to streamline and accelerate the development of domain-specific and market-specific applications; and configuration products, such as one-time programmable and in-system programmable storage devices to configure field programmable gate arrays. In addition, it provides design services, customer training, field engineering, and technical support. The company offers its products to electronic equipment manufacturers in end markets, such as wired and wireless communications, industrial, scientific and medical, aerospace and defense, audio, video and broadcast, consumer, automotive, and test and measurement. Xilinx, Inc. sells its products through a network of independent distributors; and through direct sales to original equipment manufacturers and electronic manufacturing service providers by a network of independent sales representative firms and by a direct sales management organization. The company was founded in 1984 and is headquartered in San Jose, California.

Danaher Corporation (DHR) managed to rebound with the stock climbing 0.19% or $0.16 to close the day at $83.7 on light trading volume of 2.38M shares, compared to its three month average trading volume of 3.27M. The Washington District of Columbia 20037 based company has been outperforming the diversified machinery group over the past 52 weeks, with the stock gaining 30.67%, compared to the industry which has advanced 22.99% over the same period. With RSI of 70.23, the stock should still continue to rise and get closer to its one year target estimate of $89.26, making it a hold for now.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Its Test & Measurement segment provides instruments products; services and products that help to convert concepts into finished products; professional tools; and wheel service equipment. The company’s Environmental segment provides instrumentation and disinfection systems; and solutions and services focused on fuel dispensing, remote fuel management, point-of-sale and payment system, environmental compliance, vehicle tracking, and fleet management. Its Life Sciences & Diagnostics segment offers chemistry systems, immunoassay systems, hematology and flow cytometry products, microbiology systems, and systems and workflow automations solutions. This segment also provides professional microscopes; mass spectrometers; bioanalytical measurement systems; workflow instruments and consumables; and filtration products, which are used to remove solid, liquid, and gaseous contaminants. The company’s Dental segment offers consumables, equipment, and services to diagnose, treat, and prevent disease and ailments of the teeth, gums, and supporting bone. The company’s Industrial Technologies segment provides equipment, consumables, and software for various printing, marking, coding, packaging, design, and color management applications; and a range of electromechanical and electronic motion control products. This segment also offers devices that sense, monitor and control operational or manufacturing variables; instruments, controls, and monitoring systems used in electric utilities and industrial facilities; engineered energetic materials components; and supplemental braking systems for commercial vehicles. The company was formerly known as Diversified Mortgage Investors, Inc. and changed its name to Danaher Corporation in 1984. Danaher Corporation was founded in 1969 and is headquartered in Washington, the District of Columbia.

KKR & Co. L.P. (KKR) shares were down in last trading by -0.11% to $17.56. It experienced lighter than average volume on day. The stock decreased in value by almost -1.35% over the past week and grew 10.93% in the past month. It is currently trading 6.34% above its 50 day moving average and 22.08% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -1.68% decrease in value from its one year high of $17.86. The RSI indicator value of 63.07, lead us to believe that it is a hold for now.

KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, and middle market investments. The firm considers investments in all industries with a focus on software, security, semiconductors, consumer electronics, internet of things (iot), internet, information services, content, technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy. In energy and infrastructure, it focuses on the Upstream Oil and Gas and Equipment and Services verticals. In real estate, the firm seeks to invest in private and public real estate securities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings, and oil and natural gas properties. The firm also invests in asset services sector that encompasses a broad array of B2B, B2C and B2G services verticals including asset-based, transport, logistics, leisure/hospitality, resource and utility support, infra-like, mission-critical, and environmental services. Within Americas, the firm prefers to invest in consumer products; chemicals, metals and mining; energy and natural resources; financial services; healthcare; industrials; media and communications; retail; and technology. Within Europe, the firm invests in consumer and retail; energy; financial services; health care; industrials and chemicals; media and digital; and telecom and technologies. Within Asia, it invests in consumer products; energy and resources; financial services; healthcare; industrials; logistics; media and telecom; retail; real estate; and technology. The firm seeks to invest in mid to high-end residential developments, but can invest in other projects throughout Mainland China through outright ownership, joint ventures, and merger. It invests globally with a focus on Australia, emerging and developed Asia, Middle East and Africa, Nordic, Southeast Asia, Asia Pacific, Ireland, Hong Kong, Japan, Taiwan, India, Vietnam, Indonesia, France, Germany, Netherlands, United Kingdom, Caribbean, Mexico, South America, North America, Brazil, Latin America, Korea, and United States of America. In the United States and Europe, the firm focuses on buyouts of large, publicly traded companies. It seeks to invest $30 million to $717 million in companies with enterprise values between $500 million to $2389 million. The firm prefers to invest in a range of debt and public equity investing and may co-invest. It seeks a board seat in its portfolio companies and a controlling ownership of a company or a strategic minority positions. The firm may acquire minority equity interests, particularly when making private equity investments in Asia or sponsoring investments as part of a large investor consortium. The firm typically holds its investment for a period of five to seven years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. KKR & Co. L.P. was founded in 1976 and is based in New York, New York with additional offices across North America, Europe, Australia, and Asia.

 

Traders Watch list: McKesson Corporation (MCK), Aflac Incorporated (AFL), Paychex, Inc. (PAYX)

McKesson Corporation (MCK) saw its value decrease by -0.74% as the stock dropped $-1.03 to finish the day at a closing price of $139. The stock was higher in trading and has fluctuated between $114.53-$199.43 per share for the past year. The shares, which traded within a range of $137.84 to $139.81 during the day, are up by 7.74% in the past three months and down by -28.52% over the past six months. It is currently trading -4.36% below its 20 day moving average and -3.34% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $155.64 a share over the next twelve months. The current relative strength index (RSI) reading is 41.52.The technical indicator lead us to believe there will be no major movement any time soon, hold.

McKesson Corporation operates as a pharmaceutical distribution services and information technology company in the United States and internationally. It offers pharmaceuticals and medical supplies, and services for healthcare operations. The company operates in two segments, McKesson Distribution Solutions and McKesson Technology Solutions. The McKesson Distribution Solutions segment distributes branded and generic pharmaceutical drugs and other healthcare-related products; and provides practice management, technology, clinical support, and business solutions to community-based oncology and other specialty practices. This segment also provides specialty pharmaceutical solutions for pharmaceutical manufacturers; and medical-surgical supply distribution, equipment, logistics, and other services to healthcare providers. In addition, this segment operates retail pharmacies in Europe and supports independent pharmacy networks in North America; sells financial, operational, and clinical solutions to pharmacies; and provides consulting, outsourcing, and other services. The McKesson Technology Solutions segment delivers enterprise-wide clinical, patient care, financial, supply chain, and strategic management technology solutions; and connectivity, outsourcing, and other services, including remote hosting and managed services to healthcare organizations. This segment’s product portfolio addresses various healthcare clinical and business performance needs ranging from medication safety and information access to revenue cycle management, resource utilization, and physician adoption of electronic health records. This segment serves integrated delivery networks, hospitals, physician practices, home healthcare providers, retail pharmacies, and payers. McKesson Corporation was founded in 1833 and is headquartered in San Francisco, California.

Aflac Incorporated (AFL) shares were up in last trading by 1.03% to $67.83. It experienced higher than average volume on day. The stock decreased in value by almost -3.87% over the past week and fell -2.78% in the past month. It is currently trading -3.09% below its 50 day moving average and -3.43% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -8.41% decrease in value from its one year high of $74.5. The RSI indicator value of 38.58, lead us to believe that it is a hold for now.

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers various voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan. The Aflac U.S. segment provides products designed to protect individuals from depletion of assets, which comprise accident, cancer, critical illness/critical care, hospital intensive care, hospital indemnity, fixed-benefit dental, and vision care plans; and loss-of-income products, such as life and short-term disability plans in the United States (U.S.). The company sells its products through sales associates and brokers, independent corporate agencies, individual agencies, and affiliated corporate agencies. Aflac Incorporated was founded in 1955 and is headquartered in Columbus, Georgia.

Paychex, Inc. (PAYX) traded within a range of $58.12 to $58.81 after opening the day at $58.41. The company has seen its stock decrease in value by -3.1% so far this year. The stock was up close to 0.05% on active volume in last trading session and closed at $58.55 per share. After the recent gain, the stock is currently holding -5.12% below its 52 week high of $62.18 and 31.86% above its 12-month low of $45.83. The shares are up by over 8.7% in the last three months, and the RSI indicator value of 34.94 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Paychex, Inc. provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that include payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It also provides human resource outsourcing services, such as Paychex HR solutions comprising payroll, employer compliance, human resource and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained human resource representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, the company offers insurance services for property and casualty coverage, such as workers’ compensation, business-owner policies, commercial auto, and health and benefits coverage, including health, dental, vision, and life; cloud-based human resource administration software products for employee benefits management and administration, and time and attendance solutions; and other human resource services and products, such as employee handbooks, management manuals, and personnel and required regulatory forms. Further, it provides various accounting and financial services to small- to medium-sized businesses, which include purchasing of accounts receivable as a means of providing funding to clients in the temporary staffing industry; a cloud-based accounting service; payment processing services; payment distribution services; and a small-business loan resource center. Paychex, Inc. markets its products and services through direct sales force. The company was founded in 1979 and is headquartered in Rochester, New York.

 

Stocks Buzz: Diamond Offshore Drilling, Inc. (DO), Delcath Systems, Inc. (DCTH), Superior Energy Services, Inc. (SPN)

Diamond Offshore Drilling, Inc. (DO) managed to rebound with the stock declining 0% or $0 to close the day at $16.38 on active trading volume of 3.22M shares, compared to its three month average trading volume of 2.67M. The Houston Texas 77094 based company has been underperforming the oil & gas drilling & exploration group over the past 52 weeks, with the stock losing -5.97%, compared to the industry which has advanced 103.39% over the same period. With RSI of 33.28, the stock should still continue to rise and get closer to its one year target estimate of $17.56, making it a hold for now.

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. The company operates a fleet of 32 offshore drilling rigs, which comprise 8 ultra-deepwater, 7 deepwater, and 8 mid-water semisubmersibles; 5 jack-ups; and 4 drillships. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1989 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. operates as a subsidiary of Loews Corporation.

Delcath Systems, Inc. (DCTH) retreated with the stock falling -8.15% or $-0.03 to close at $0.33 on active trading volume of 3.21M compared its three months average trading volume of 1.54M. The New York New York 10019 based company operating under the Drug Delivery industry has been trending down for the last 52 weeks, with the shares price now -99.52% down for the period and down by -63.6% so far this year. With price target of $16 and a 11.6% rebound from 52-week low, Delcath Systems, Inc. has plenty of upside potential, making it a hold with a view buy.

Delcath Systems, Inc. operates as a specialty pharmaceutical and medical device company focusing on cancers of the liver. The company is developing its proprietary product-Melphalan Hydrochloride for injection for use with the Delcath Hepatic Delivery System; and markets melphalan hydrochloride as a device under the trade name Delcath Hepatic CHEMOSAT Delivery System for Melphalan in Europe. Its primary focus is on the execution of its clinical development program in ocular melanoma liver metastases, intrahepatic cholangiocarcinoma, hepatocellular carcinoma, and certain other cancers that are metastatic to the liver. Delcath Systems, Inc. was founded in 1988 and is headquartered in New York, New York.

Superior Energy Services, Inc. (SPN) continued its upward trend with the stock climbing 1.3% or $0.23 to close the day at $17.9 on lower than average trading volume of 3.18M shares, compared to its three month average trading volume of 3.1M. The Houston Texas 77002 based company has been outperforming the oil & gas equipment & services companies by 26.2645% for last three months and its recent gains have pushed the stock slightly up 6.04% YTD, versus the oil & gas equipment & services industry which is up 0.67% for the same period. The RSI of 52.99 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Superior Energy Services, Inc. provides specialized oilfield services and equipment to crude oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. It operates through four segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions. The Drilling Products and Services segment rents tubulars, including primary drill pipe strings, tubing landing strings, completion tubulars, and associated accessories; and manufactures and rents bottom hole tools, such as stabilizers, non-magnetic drill collars, and hole openers, as well as rents temporary onshore and offshore accommodation modules and accessories. The Onshore Completion and Workover Services segment offers pressure pumping services comprising hydraulic fracturing and high pressure pumping services used to complete and stimulate production in new oil and gas wells; fluid management services used to obtain, move, store, and dispose of fluids that are involved in the exploration, development, and production of oil and gas reservoirs; and workover services consisting of installations, completions, and sidetracking of wells, as well as support for perforating operations. The Production Services segment provides intervention services, including coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services. The Technical Solutions segment offers pressure control services; completion tools and services, such as sand control systems, well screens and filters, and surface-controlled sub surface safety valves; and offshore well decommissioning services, including plugging and abandoning wells at the end of their economic life, and dismantling and removing associated infrastructure. Superior Energy Services, Inc. was founded in 1991 and is headquartered in Houston, Texas.

 

Investor’s Watch List: CVR Partners, LP (UAN), Waddell & Reed Financial, Inc. (WDR), TEGNA Inc. (TGNA)

CVR Partners, LP (UAN) had a light trading with around 2.39M shares changing hands compared to its three month average trading volume of 362.82K. The stock traded between $6.3 and $6.64 before closing at the price of $6.63 with 4.41% change on the day. The Sugar Land Texas 77479 based company is currently trading 63.7% above its 52 week low of $4.05 and -30.42% below its 52 week high of $9.75. Both the RSI indicator and target price of 58.38 and $6.93 respectively, lead us to believe that it should be put on hold over the coming weeks.

CVR Partners, LP produces, distributes, and markets nitrogen fertilizer products in North America. It provides ammonia products for industrial and agricultural customers; and urea ammonium nitrate products for agricultural customers. CVR GP, LLC serves as the general partner of the company. The company was founded in 2007 and is headquartered in Sugar Land, Texas. CVR Partners, LP operates as a subsidiary of Coffeyville Resources LLC.

Waddell & Reed Financial, Inc. (WDR) failed to extend gains with the stock declining -2.22% or $-0.4 to close the day at $17.65 on active trading volume of 2.39M shares, compared to its three month average trading volume of 1.32M. The Overland Park Kansas 66202 based company has been underperforming the asset management group over the past 52 weeks, with the stock losing -14.39%, compared to the industry which has advanced 29.91% over the same period. With RSI of 38.29, the stock should still continue to rise and get closer to its one year target estimate of $17.29, making it a hold for now.

Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company acts as an investment adviser for institutional and other private investors, and provides sub advisory services to other investment companies; and underwrites and distributes registered open-end mutual fund portfolios. It also offers fee-based asset allocation investment advisory products to advisors channel customers; distributes business partners’ variable annuity products, and retirement and life insurance products to advisors channel customers; and sells life insurance and disability products underwritten by various carriers. The company distributes investment products through its wholesale channel comprising other broker/dealers, various retirement platforms, and registered investment advisors, as well as through independent financial advisors; and markets investment advisory services to institutional investors directly or through consultants. Waddell & Reed Financial, Inc. was founded in 1937 and is based in Overland Park, Kansas.

TEGNA Inc. (TGNA) shares were up in last trading by 1.88% to $23.34. It experienced higher than average volume on day. The stock increased in value by almost 3.73% over the past week and grew 9.12% in the past month. It is currently trading 5.55% above its 50 day moving average and 7.3% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -6.53% decrease in value from its one year high of $25.38. The RSI indicator value of 73.79, lead us to believe that it may reverse gains in the near term.

TEGNA Inc. engages in media and digital businesses in the United States. The company operates in two segments, Media and Digital. It operates 46 television stations that produce local programming, such as news, sports, and entertainment. The company also operates Cars.com, an online destination for automotive consumers that offers information about car shopping, selling, and servicing; CareerBuilder, which provides human capital solutions, such as employment data and labor market analysis software, talent management software, and other advertising and recruitment solutions; G/O Digital that provides digital marketing services for local businesses; and Cofactor, a digital marketing company that enable brands to deliver content. In addition, it offers advertising and marketing solutions. The company serves approximately 90 million customers through its broadcast and digital media platforms. The company was formerly known as Gannett Co., Inc. and changed its name to TEGNA Inc. in June 2015. TEGNA Inc. was founded in 1906 and is headquartered in McLean, Virginia.