Verso Corporation (VRS) stock remains unchanged after upgrade at Zacks Investment Research

Verso Corporation (NYSE: VRS) shares traded mostly even in value on Wednesday January 18 on slower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.

Meanwhile, in early trade today, the S&P 500 SPX, +0.00% was off 2 points, or 0.1%, at 2,265, shortly after open. The Nasdaq Composite COMP, +0.20% was flat at 5,537. The Dow Jones Industrial Average DJIA, -0.20% slipped 54 points or 0.3%, to 19,770.

Analysts at Zacks Investment Research upgraded shares of Verso Corporation (NYSE: VRS) from Strong Sell to Hold today. With a rating of Hold on the shares, the company has a 52-week high of $12.00. As a means of comparison, a number of other analysts have spoken on the company recently, and Verso Corporation has secured a consensus one-year price target of $25.00, higher than the opening price of $7.09. Typically, after analysts give an upgrade report on a stock, they will later issue other updates, such as a price target change.

Yesterday Verso Corporation (NYSE: VRS) shares last traded at $7.05. Opening at $7.09, they fluctuated from $7.03 and $7.12 throughout the day.

Verso Corporation (NYSE: VRS) now has a market cap of 242.45M.

Verso Corporation (NYSE: VRS) Average Daily Trading Volume

33,248 shares traded hands yesterday, 38 percent lower than normal, out of a total float 23,036,000. lower than normal. Look for trading volume to pick up in the coming days as momentum traders often use swings in trading volume to identify heavy volume accumulation or distribution by institutional investors.

While increased trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks sends 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 instituitional investors retain substantial teams of analysts researching thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.

Verso Corporation (NYSE: VRS) 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 Verso Corporation (NYSE: VRS) have ranged from $4.37 – 12.00, and the stock now has a 50-day MA of $6.53 and 200-day MA of $7.06. Today’s last price is 41.25%% under the 52 week high of $12.00.

Earnings growth is a critical factor to consider when buying stocks and investors seek companies that have increased their earnings by at least 25% for a 3 year period.

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