Nu Skin Enterprises Inc. (NYSE: NUS) had its price target boosted by equities researchers at Citigroup Inc. from $66.00 to $69.00. With a rating of Buy on the shares, Nu Skin Enterprises Inc. has a 52-week high of $62.48. A number of other analysts have issued reports on the company recently, and the company has earned a consensus one-year price target of $57.43, a decrease compared to the opening price of $60.15, a difference of 9.22 percent.
The Fed stood pat on interest rates on Wednesday, helping stocks to mostly higher levels but Chairwoman Janet Yellen indicated an interest rate hike is likely by year’s end
On Wednesday, the S&P 500 SPX, +1.09% ended 1.1% higher, while the Dow DJIA, +0.90% jumped by 0.9%, or 164 points, as each exchange finished in positive territory for a second consecutive day.
The tech-heavy Nasdaq Composite COMP, +1.03% tacked on 1% and scored a record closing high.
S&P 500 futures ESZ6, +0.36% were up 6.55 points, or 0.3%, to 2,162.75 early Thursday, while Dow Jones Industrial Average futures YMZ6, +0.37% rose 58 points, or 0.3%, to 18,276. Nasdaq-100 futures NQZ6, +0.39% gained 16.25 points, or 0.3%, to 4,866.25.
Shares of Nu Skin Enterprises Inc. (NYSE: NUS) opened at $60.15 yesterday trading between $59.90 and $62.48, and last traded at $62.28, a jump of $3.40 compared to the previous closing price.
Nu Skin Enterprises Inc. (NYSE: NUS) now has a market cap of 3.48B.
The stock’s average daily volume is 702,322 shares out of a total float 52,589,000 and some 1,337,247 shares crossed the trading desk yesterday, higher than the average. Excessive volume accumulation by institutional investors may be in the near future as the combination of large gains in trading volume and price growth can be indicative components.
While an increase in trading for short periods will not mean much, however, a trend of heavy trading volume on the buy side over a period of days or weeks expresses a positive cue to market traders that institutions may be moving in, so institutional sponsorship is critical.
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’re considering.
By following the activity of these professional investors and how they influence moving averages,it allows for traders to make more impactful judgments on trades.
Trades for Nu Skin Enterprises Inc. (NYSE: NUS) have ranged from $23.51 – 62.48, and the stock now has a 50-day MA of $58.46 and 200-day MA of $45.95. Today’s last price is 0.00% lower than the 52 week high of $62.48.
Earnings growth is a crucial factor to look at when investing in stocks and investors watch for companies that have been successful at growing their earnings at least 25% or more over the past 3 years.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of the website. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.