Union Pacific Corp. (NYSE: UNP) 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, boosting 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.
Union Pacific Corp. (NYSE: UNP) had its price target increased by equities researchers at RBC Capital Markets from $111.00 to $115.00. With a rating of Sector Perform on the shares, Union Pacific Corp. has a 52-week high of $108.98. The one-year price target of $110.36 is higher than the opening price of $106.83, resulting a number of other analysts to report on the stock in recent days.
Shares of Union Pacific Corp. (NYSE: UNP) opened at $106.83 yesterday and traded in a range between, $106.61 and $108.48, and last traded at $108.33, which is an increase of $2.09 over the previous closing price.
Union Pacific Corp. (NYSE: UNP) currently has a market cap of 89.28B.
Union Pacific Corp. (NYSE: UNP) Average Daily Trading Volume
The stock’s average daily volume is 4,381,200 shares out of a total float 823,008,000 and some 1,005,322 shares crossed the trading desk yesterday, 43 percent lower than the norm. lower than normal. Look for trading volume to pick up in the coming days as investors often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors.
However, a single day of heavy buy side trading is not enough to assert a trend. As such, market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these have substantial teams of analysts researching thousands of stocks, so it is good confirmation to see them taking a postion in a stock you are researching.
Union Pacific Corp. (NYSE: UNP) 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 identifying trends, moving averages allow investors to make those trends work in their favor and increase the number of winning trades.
With that in mind, Union Pacific Corp. (NYSE: UNP) now has a 50-day MA of $104.06 and 200-day MA of $96.64. It has traded in a 52-week range between $68.43 – 108.98 and today’s last price is 0.60%% lower than the 52 week high of $108.98.
Earnings growth is a crucial factor to research when buying stocks and investors identify companies that have been successful at growing their earnings at least 25% or more for a 3 year period.
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