PPL Corp. (NYSE: PPL) shares rose on Friday January 20 on lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock, raising the price target of stock.
Meanwhile, U.S. stocks rose Friday morning as Wall Street closely awaited Donald Trump’s inauguration as the nation’s 45th president.
The Dow Jones Industrial Average DJIA, +0.41% rose 95 points, or 0.5%, to 19,826, while the S&P 500 index SPX, +0.41% climbed 11 points, or 0.5%, to 2,275 and the Nasdaq Composite COMP, +0.37% added 28 points, or 0.6%, to 5,571.
PPL Corp. (NYSE: PPL) had its price target boosted by equities researchers at Barclays PLC from $0.00 to $37.00. With a rating of on the stock, the company has a 52-week high of $39.92. As a means of comparison, a number of other analysts have issued reports on the stock in recent days, and the company has earned a consensus one-year price target of $36.27, higher than the opening price of $34.29, a difference of 10.57 percent.
Yesterday PPL Corp. (NYSE: PPL) shares last traded at $34.32, an increase of $0.09 from the previous closing price. Opening at $34.29, they varied from $34.24 and $34.41 throughout the day.
PPL Corp. (NYSE: PPL) now has a market cap of 23.32B.
PPL Corp. (NYSE: PPL) Average Daily Trading Volume
The stock’s average daily volume is 4,042,930 shares out of a total float 679,491,000 and some 465,162 shares traded hands yesterday, 99 percent lower than normal. 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.
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.
Professional investors such as these retain teams of analysts that research thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.
PPL Corp. (NYSE: PPL) 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 traders to make those trends work in their favor and increase the number of winning trades.
Trades for PPL Corp. (NYSE: PPL) have ranged from $32.08 – 39.920, and the stock now has a 50-day MA of $34.05 and 200-day MA of $34.71. Today’s last price is 14.04%% below the 52 week high of $39.92.
Earnings growth is a critical factor to research when buying stocks and investors seek companies that have increased their earnings at least 25% or more for 3 consecutive years.
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