FTD Companies Inc. (NASDAQ: FTD) 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 FTD Companies Inc. (NASDAQ: FTD) from Sell to Buy today. The company currently has a rating of Buy on the stock. The one-year price target of $26.67 is above the opening price of $21.35, causing a fair amount of other analysts to issue statements on the company recently. Looking back over the last 52 weeks, FTD Companies Inc. stock has a high of $28.69. Share prices sometimes get a bounce to the upside when analysts upgrade a stock.
Shares of FTD Companies Inc. (NASDAQ: FTD) opened at $21.35 on Monday trading between $21.08 and $21.75, and last traded at $21.42, which represents a jump of $0.03 or 0.14% over the previous closing price.
FTD Companies Inc. (NASDAQ: FTD) now has a market cap of 583.10B.
FTD Companies Inc. (NASDAQ: FTD) Average Daily Trading Volume
8,092 shares crossed the trading desk yesterday, lower than the norm, out of a total float 14,927,000. Investors often use swings in trading volume to pinpoint heavy volume aggregation or distribution by institutional investors, so look for trading volume to pick up in the coming days.
However, a single day of significant buy side trading is not enough to assert a trend. As such, 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.
These instituitional investors have teams of analysts that research thousands of stocks, so it is good validation to see them taking a postion in a stock you’re considering.
FTD Companies Inc. (NASDAQ: FTD) 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.
By following the activity of these professional investors—and the moving averages they affect—it allows for traders to make more useful decisions on trades.
With that in mind, FTD Companies Inc. (NASDAQ: FTD) now has a 50-day MA of $20.45 and 200-day MA of $23.87. It has traded in a 52-week range between $16.86 – 28.69 and today’s last price is 25.35%% lower than the 52 week high of $28.69.
Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors identify companies that have been successful at growing their earnings at least 25% or more for the past 3 years.
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