Dun & Bradstreet Corporation (The) (NYSE: DNB) shares rose on Tuesday February 14 on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a downgraded rating.
Meanwhile U.S. stocks opened slightly lower on Tuesday. The main three benchmarks retreated after touching the latest in a series of record highs on Monday, with the S&P 500 index SPX, -0.09% down two points, or 0.1%, to 2,326.
The Dow Jones Industrial Average DJIA, -0.02% fell 34 points, or 0.2%, to 20,381. The Nasdaq Composite Index COMP, -0.13% shed eight points, or 0.1%, to 5,756.
Shares of Dun & Bradstreet Corporation (The) (NYSE: DNB) were downgraded by analysts at Zacks Investment Research in a note to their investors today. With a rating of Strong Sell on the stock, Dun & Bradstreet Corporation (The) has a 52-week high of $141.57. The one-year price target of $110.29 is above the opening price of $102.40, that has caused a number of other analysts to issue statements on the stock in recent days. considerable and crucial digressions in the company’s procedures, future ision or industry can cause downgrades as the analysts consider that the future prospects for the security have diminished from the original recommendation.
Shares of Dun & Bradstreet Corporation (The) (NYSE: DNB) opened at $102.40 yesterday trading between $102.10 and $103.20, and last traded at $102.90, which is a jump of $0.59 over the previous closing price.
Dun & Bradstreet Corporation (The) (NYSE: DNB) now has a market cap of 3.78B.
Dun & Bradstreet Corporation (The) (NYSE: DNB) Average Daily Trading Volume
153,667 shares traded hands yesterday, 40 percent lower than the average, out of a total float 36,695,000. lower than normal. Look for trading volume to pick up in the coming days as momentum traders often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors.
However, a single day of heavy buy side trading is not enough to assert a trend. As such, market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these retain substantial teams of analysts researching thousands of stocks, so it is good confirmation to see them buying a stock you are researching.
Dun & Bradstreet Corporation (The) (NYSE: DNB) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.
Trades for Dun & Bradstreet Corporation (The) (NYSE: DNB) have ranged from $89.76 – 141.57, and the stock now has a 50-day MA of $120.75 and 200-day MA of $127.06. Today’s last price is 27.31%% under the 52 week high of $141.57.
Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors identify companies that have raised their earnings at least 25% or more for 3 consecutive years.
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