GNC Holdings, Inc. (NYSE: GNC) shares slid back in value in early trading today on lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Meanwhile, U.S. stocks edged lower Monday, with major indexes retreating from record levels.
The Dow Jones Industrial Average DJIA, -0.31% fell 48 points, or 0.2%, to 19,916, while the S&P 500 index SPX, -0.29% lost 5 points to 2,272, a drop of 0.2%. The Nasdaq Composite Index COMP, -0.03% rose 4 points to 5,529, a gain of about 0.1%.
Analysts at Vetr Inc. upgraded shares of GNC Holdings, Inc. (NYSE: GNC) from Hold to Buy today. Vetr Inc. currently has a rating of Buy on the stock. The one-year price target of $13.39 is above the opening price of $11.04, causing a number of other analysts to report on the stock recently. Looking back over the last year, GNC Holdings, Inc. stock has a high of $35.90. Share prices sometimes get a spike to the upside when analysts upgrade a stock.
Shares of GNC Holdings, Inc. (NYSE: GNC) opened at $11.04 yesterday and traded in a range between, $10.81 and $11.13, and last traded at $10.93, which is a drop of $0.11 from the previous closing price.
GNC Holdings, Inc. (NYSE: GNC) now has a market cap of 747.60M.
GNC Holdings, Inc. (NYSE: GNC) Average Daily Trading Volume
The stock’s average daily volume is 2,686,110 shares out of a total float 67,926,000 and some 252,035 shares crossed the trading desk yesterday, 8 percent lower than the average. lower than normal. Look for trading volume to pick up in the coming days as investors often use upticks in trading volume to identify heavy volume accumulation or distribution by institutional investors.
As with all potential breakouts, investors look for volume to be at least 40%-50% higher than 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.
These professional investors have 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.
GNC Holdings, Inc. (NYSE: GNC) 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 tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.
Trades for GNC Holdings, Inc. (NYSE: GNC) have ranged from $10.29 – 35.90, and the stock now has a 50-day MA of $13.19 and 200-day MA of $18.91. Today’s last price is 69.55%% below the 52 week high of $35.90.
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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