Univar Inc. (NYSE: UNVR) shares rose on Thursday February 2 on lower 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, The Dow Jones Industrial Average DJIA, -0.10% fell 34 points, or 0.2%, to 19,858. The S&P 500 SPX, -0.11% lost 4 points to 2,276, a drop of 0.2%. The Nasdaq Composite Index COMP, -0.05% slid 16 points, or 0.3%, to 5,626. Among the most actively traded Nasdaq stocks was Facebook Inc FB, +0.31% which fell 0.7% a day after it reported its quarterly results.
Univar Inc. (NYSE: UNVR) had its price target boosted by equities researchers at Jefferies Group LLC from $0.00 to $34.00. With a rating of on the shares, Univar Inc. has a 52-week high of $31.06. As a means of comparison, a number of other analysts have issued reports on the company in recent days, and the company has earned a consensus one-year price target of $27.88, a decrease compared to the opening price of $29.14, a difference of 9.52 percent.
Shares of Univar Inc. (NYSE: UNVR) opened at $29.14 yesterday trading between $29.04 and $29.45, and last traded at $29.29, a spike of $0.17 from the previous closing price.
Univar Inc. (NYSE: UNVR) currently has a market cap of 4.05B.
Univar Inc. (NYSE: UNVR) Average Daily Trading Volume
The stock’s average daily volume is 931,481 shares out of a total float 82,271,000 and some 145,735 shares traded hands yesterday, 103 percent below the norm. lower than normal. Look for trading volume to pick up in the coming days as swing traders often use swings 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 instituitional investors have teams of analysts that research thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.
Univar Inc. (NYSE: UNVR) 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 Univar Inc. (NYSE: UNVR) have ranged from $10.65 – 31.06, and the stock now has a 50-day MA of $28.47 and 200-day MA of $23.15. Today’s last price is 5.70%% below the 52 week high of $31.06.
Earnings growth is an important factor to research when buying stocks and investors seek companies that have raised their earnings by at least 25% over the past 3 years.
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