SeaWorld Entertainment Inc. (NYSE: SEAS) shares rose in value Tuesday Dec 13 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, the Dow DJIA, +0.47% climbed 106 points, or 0.6%, to 19,905. If the Dow finishes higher, it will notch its seventh straight gain.
The S&P 500 index SPX, +0.56% gained 10.45 points, or 0.5%, to 2,267 and the tech-heavy Nasdaq Composite Index COMP, +1.02% added 48 points, or 0.9%, to 5,461.
Both the S&P 500 index SPX, +0.56% and Nasdaq Composite COMP, +1.02% ended lower on Monday, with investors appearing reluctant to push shares higher ahead of the Fed meeting
Analysts at Janney Montgomery Scott upgraded shares of SeaWorld Entertainment Inc. (NYSE: SEAS) from Neutral to Buy today. Janney Montgomery Scott currently has a rating of Buy on the shares. A number of other analysts have spoken on the company recently, and SeaWorld Entertainment Inc. has earned a consensus one-year price target of $15.80, less than the opening price of $19.36, a difference of 8.22 percent. SeaWorld Entertainment Inc. stock has a 52-week high of $21.84. Share prices often trend to the upside on recommendations and new price targets of professional analysts.
SeaWorld Entertainment Inc. (NYSE: SEAS) shares last traded at $19.21, an increase of $0.64 or 3.45% from the previous closing price. Opening at $19.36, they fluctuated from $19.02 and $19.39 throughout the day.
SeaWorld Entertainment Inc. (NYSE: SEAS) currently has a market cap of 1.64B.
SeaWorld Entertainment Inc. (NYSE: SEAS) Average Daily Trading Volume
The stock’s average daily volume is 1,692,880 shares out of a total float 63,624,000 and some 499,012 shares traded hands yesterday, lower than normal. Swing traders often use swings in trading volume to identify heavy volume growth or circulation by institutional investors, so look for trading volume to pick up in the coming days.
While increased trading for short periods will not mean much, however, a trend of heavy trading volume on the buy side over a period of days or weeks expresses a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.
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 researching thousands of stocks, so it is good validation to see them taking a postion in a stock you’re considering.
SeaWorld Entertainment Inc. (NYSE: SEAS) 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 spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of winning trades.
Trades for SeaWorld Entertainment Inc. (NYSE: SEAS) have ranged from $11.77 – 21.84, and the stock now has a 50-day MA of $16.31 and 200-day MA of $14.76. Today’s last price is 12.06%% under the 52 week high of $21.84.
Earnings growth is a crucial factor to look at when buying stocks and investors seek companies that have grown their earnings by at least 25% for 3 consecutive years.
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