Mondelez International Inc. (NASDAQ: MDLZ) shares rose in value Thursday Dec 15 with slower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Analysts at Zacks Investment Research upgraded shares of Mondelez International Inc. (NASDAQ: MDLZ) from Hold to Buy today. With a rating of Buy on the stock, the company has a 52-week high of $46.40. The one-year price target of $49.41 is higher than the opening price of $44.90, that has caused a number of other analysts to comment on the stock recently. Typically, after analysts give an upgrade report on a stock, they will later issue periodic revisions, usually followed by a price target change.
Mondelez International Inc. (NASDAQ: MDLZ) shares last traded at $44.49, which represents an increase of $1.66 or 3.88% over the previous closing price. Opening at $44.90, they ranged from $44.00 and $45.29 throughout the day.
Mondelez International Inc. (NASDAQ: MDLZ) now has a market cap of 68.71B.
Mondelez International Inc. (NASDAQ: MDLZ) Average Daily Trading Volume
The stock’s average daily volume is 8,411,400 shares out of a total float 1,540,257,000 and some 4,666,725 shares traded hands yesterday, below the norm. Swing traders often use increases in trading volume to identify large volume accumulation or circulation by institutional investors, so look for trading volume to pick up in the coming days.
While increased trading for short periods will not mean much, however, a trend of heavy trading volume on the buy side over a series of days or weeks expresses a positive indicator to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Institutional investors such as these retain teams of analysts that research thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.
Mondelez International Inc. (NASDAQ: MDLZ) 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.
Traders are able to make make well planned trades when they follow the activity of professional investors.
With that in mind, Mondelez International Inc. (NASDAQ: MDLZ) now has a 50-day MA of $42.83 and 200-day MA of $43.51. It has traded in a 52-week range between $35.88 – 46.40 and today’s last price is 4.12%% lower than the 52 week high of $46.40.
Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors watch for companies that have increased their earnings by at least 25% over a 3 year period.
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