Analysts at Zacks Investment Research upgraded shares of Autohome Inc (NYSE: ATHM) from Sell to Hold today. Zacks Investment Research currently has a rating of Hold on the stock. The one-year price target of $28.62 is above the opening price of $23.70, resulting a fair amount of other analysts to comment on the company in recent days. Looking back over the last year, Autohome Inc stock has a high of $37.73. Typically, after analysts give an upgrade report on a stock, they will later issue other revisions, such as a price target change.
U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.
The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.
The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.
The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.
Yesterday Autohome Inc (NYSE: ATHM) shares last traded at $24.04, which represents a spike of $0.36 over the previous closing price. Opening at $23.70, they ranged from $23.40 and $24.18 throughout the day.
Autohome Inc (NYSE: ATHM) now has a market cap of 2.73B.
374,314 shares crossed the trading desk yesterday, 25 percent lower than the norm, out of a total float 38,490,000. Investors often use upticks in trading volume to pinpoint large volume growth or dissemination by institutional investors, so trading volume is likely to increase in the next few days.
As with all potential breakouts, investors look for volume to be at least 40%-50% greater than normal on the breakout to indicate that fund managers and other professional investors are jumping in.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these have substantial teams of analysts that investigate thousands of stocks, so it is good corroboration to see them buying a stock you are considering.
By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
Trades for Autohome Inc (NYSE: ATHM) have ranged from $19.32 – 37.73, and the stock now has a 50-day MA of $24.10 and 200-day MA of $25.30. Today’s last price is 0.36% lower than the 52 week high of $37.73.
Earnings growth is an important factor to research when investing in stocks and investors seek companies that have increased their earnings at least 25% or more over the past 3 years.
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