Shares of Great Southern Bancorp Inc. (NASDAQ: GSBC) were downgraded by analysts at Zacks Investment Research in a note to their investors today. With a rating of Sell on the shares, Great Southern Bancorp Inc. has a 52-week high of $52.94. A number of other analysts have commented on the stock recently, and the company has secured a consensus one-year price target of $44.00, above the opening price of $41.91, a difference of 10.53 percent. Downgrades occur when analysts consider that the future prospects for the security have diminished from the initial recommendation, usually due to an important and fundamental change in the company’s actions, future outlook or industry.
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 Great Southern Bancorp Inc. (NASDAQ: GSBC) opened at $41.91 yesterday and traded in a range between, $41.43 and $41.91, and last traded at $41.78, which represents a jump of $0.12 from the previous closing price.
Great Southern Bancorp Inc. (NASDAQ: GSBC) currently has a market cap of 581.20M.
The stock’s average daily volume is 26,653 shares out of a total float 9,779,000 and some 44,284 shares crossed the trading desk yesterday, higher than normal. Large expansions in trading volume and price growth together could indicate excessive volume accumulation by institutional investors.
While an increase in trading for short periods will not mean much, conversely, a trend of heavy trading volume on the buy side over a series of days or weeks delivers a positive indicator 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.
These professional investors have teams of analysts that investigate thousands of stocks, so it is good validation to see them taking a postion in a stock you are researching.
By following the activity of these professional investors—and the moving averages they influence— traders can make smarter trades.
With that in mind, Great Southern Bancorp Inc. (NASDAQ: GSBC) now has a 50-day MA of $41.29 and 200-day MA of $38.92. It has traded in a 52-week range between $34.48 – 52.94 and today’s last price is 0.21% lower than the 52 week high of $52.94.
Earnings growth is a crucial factor to consider when buying stocks and investors identify companies that have grown their earnings by at least 25% over the past 3 years.
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