Analysts at Zacks Investment Research upgraded shares of Wabco Holdings Inc. (NYSE: WBC) from Hold to Buy today. The company currently has a rating of Buy on the stock. A number of other analysts have issued reports on the stock in recent days, and the company has earned a consensus one-year price target of $115.43, higher than the opening price of $106.89. Wabco Holdings Inc. stock has a 52-week high of $115.80. Stock prices sometimes get a boost to the upside when analysts upgrade a stock.
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 Wabco Holdings Inc. (NYSE: WBC) opened at $106.89 yesterday and traded in a range between, $106.72 and $109.13, and last traded at $108.87, an increase of $2.82 over the previous closing price.
Wabco Holdings Inc. (NYSE: WBC) now has a market cap of 6.07B.
498,138 shares crossed the trading desk yesterday, below the norm, out of a total float 52,178,000. Look for trading volume to pick up in the coming days as momentum traders often use swings in trading volume to determine large volume aggregation or dissemination by institutional investors.
As with all potential breakouts, investors look for volume to be at least 40%-50% above normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Institutional investors such as these have substantial teams of analysts researching thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.
By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
With that in mind, Wabco Holdings Inc. (NYSE: WBC) now has a 50-day MA of $104.75 and 200-day MA of $103.41. It has traded in a 52-week range between $81.66 – 115.80 and today’s last price is 0.06% lower than the 52 week high of $115.80.
Earnings growth is a crucial factor to consider when investing in stocks and investors identify companies that have been successful at growing their earnings at least 25% or more over the past 3 years.
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