Liberty Global PLC (NASDAQ: LBTYA) shares rose on Wednesday January 25 on lower 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, the Dow Jones Industrial Average on Wednesday crossed the 20,000 level for the first time, while the S&P 500 and Nasdaq Composite also traded in record territory shortly after the market opened
The Dow Jones Industrial Average DJIA, +0.60% advanced 100 points, or 0.5%, to 20,012,
The S&P 500 index SPX, +0.55% gained 10 points, or 0.5%, to 2,289, with eight of the main 11 sectors trading higher.
The Nasdaq Composite index COMP, +0.66% was 30 points, or 0.6%, higher at 5,630.
All three main indexes set intraday records shortly after the opening bell.
Liberty Global PLC (NASDAQ: LBTYA) had its price target raised by equities researchers at Barclays PLC from $0.00 to $41.00. With a rating of on the shares, Liberty Global PLC has a 52-week high of $35.48. The one-year price target of $40.56 is higher than the opening price of $34.98, causing a number of other analysts to comment on the stock recently.
Shares of Liberty Global PLC (NASDAQ: LBTYA) opened at $34.98 yesterday trading between $34.96 and $35.41, and last traded at $35.24, a spike of $0.28 compared to the previous closing price.
Liberty Global PLC (NASDAQ: LBTYA) currently has a market cap of 31.94B.
Liberty Global PLC (NASDAQ: LBTYA) Average Daily Trading Volume
248,843 shares traded hands yesterday, 14 percent lower than the average, out of a total float 838,703,000. lower than normal. Look for trading volume to pick up in the coming days as swing traders 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, however, 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 just refers to 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’re researching.
Liberty Global PLC (NASDAQ: LBTYA) 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 Liberty Global PLC (NASDAQ: LBTYA) have ranged from $26.16 – 35.48, and the stock now has a 50-day MA of $32.07 and 200-day MA of $32.04. Today’s last price is 0.68%% under the 52 week high of $35.48.
Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors look for companies that have increased their earnings by at least 25% for 3 consecutive years.
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