Radius Health Inc. (NASDAQ: RDUS) had its price target boosted by equities researchers at HC Wainwright from $55.00 to $71.00. HC Wainwright currently has a rating of Buy on the stock. The one-year price target of $58.88 is above the opening price of $57.19, resulting a fair amount of other analysts to issue statements on the stock recently. Looking back over the last year, Radius Health Inc. stock has a high of $77.10.
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.
Yesterday Radius Health Inc. (NASDAQ: RDUS) shares last traded at $56.82, a spike of $0.09 from the previous closing price. Opening at $57.19, they fluctuated from $55.12 and $57.82 throughout the day.
Radius Health Inc. (NASDAQ: RDUS) currently has a market cap of 2.45B.
The stock’s average daily volume is 937,431 shares out of a total float 31,454,000 and some 1,067,180 shares traded hands yesterday, above normal. Substantial increases in trading volume and price inflation together could signal heavy volume accumulation by institutional investors.
However, one day of high volume buy side trading is not enough to assert a trend. As such, market traders will continue to watch for institutional sponsorship as an indicator that financial institutions are moving forward.
Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors have teams of analysts researching thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.
By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.
Trades for Radius Health Inc. (NASDAQ: RDUS) have ranged from $24.75 – 77.10, and the stock now has a 50-day MA of $54.95 and 200-day MA of $41.07. Today’s last price is 0.26% lower than the 52 week high of $77.10.
Earnings growth is an important factor to look at when buying stocks and investors look for companies that have been successful at growing their earnings by at least 25% for 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.