Aegon NV (NYSE: AEG) shares rose in value Thursday Nov 17 with lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Meanwhile, stocks opened flat this morning, struggling for direction in early trade ahead of congressional testimony by Federal Reserve Chairwoman Janet Yellen. Ahead of an appearance before the Joint Economic Committee, Yellen said an interest-rate hike could come “relatively soon,”
The S&P 500 SPX, +0.25% fell less than 0.1% to 2,176.85 while Dow Industrials DJIA, -0.05% fell 9 points to 18,858. The Nasdaq Composite COMP, +0.18% declined 0.1% to 5,291.48.
Analysts at Zacks Investment Research upgraded shares of Aegon NV (NYSE: AEG) from Sell to Hold today. With a rating of Hold on the stock, Aegon NV has a 52-week high of $6.19. As a means of comparison, a number of other analysts have issued reports on the stock in recent days, and Aegon NV has secured a consensus one-year price target of $5.28, above the opening price of $5.08, a difference of 10.37 percent. Typically, after analysts give an upgrade report on a stock, they will later issue sporadic revisions, such as a price target change.
Shares of Aegon NV (NYSE: AEG) opened at $5.08 on Monday trading between $5.07 and $5.11, and last traded at $5.09, an increase of $0.03 or 0.65% from the previous closing price.
Aegon NV (NYSE: AEG) currently has a market cap of 10.45B.
Aegon NV (NYSE: AEG) Average Daily Trading Volume
The stock’s average daily volume is 2,302,930 shares out of a total float 1,727,404,000 and some 631,727 shares crossed the trading desk yesterday, lower than normal. Swing traders often use upticks in trading volume to determine substantial volume accumulation or circulation by institutional investors, so trading volume is likely to increase in the next few days.
However, one day of high volume buy side trading is not enough to determine a trend. So market traders will continue to look for institutional sponsorship as an indicator 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. Thus, watching their interests is a good way to make sure you are buying the right stocks.
Aegon NV (NYSE: AEG) 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 more impactful decisions on trades when they follow the trading habits of professional investors.
Trades for Aegon NV (NYSE: AEG) have ranged from $3.36 – 6.190, and the stock now has a 50-day MA of $4.32 and 200-day MA of $4.34. Today’s last price is 17.72%% lower than the 52 week high of $6.19.
Earnings growth is a critical factor to consider when buying stocks and investors identify companies that have increased their earnings at least 25% or more for the past 3 years.
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