TSX:STB.DB.A - Post by User
Post by
sleapeasyon Dec 10, 2015 12:37am
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Post# 24371856
Beware share price !!!!!!!!!!!!!!
Beware share price !!!!!!!!!!!!!! Is Selling 52-Week Stock Like Student Transportation Inc a Winning Strategy?
The stock of Student Transportation Inc (NASDAQ:STB) hit a new 52-week low and has $3.18 target or 12.00% below today’s $3.61 share price. The 5 months bearish chart indicates high risk for the $358.96M company. The 1-year low was reported on Dec, 9 by Barchart.com. If the $3.18 price target is reached, the company will be worth $43.08 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 2.96% or $0.11 during the last trading session, hitting $3.61. Student Transportation Inc (NASDAQ:STB) has declined 33.39% since May 6, 2015 and is downtrending. It has underperformed by 32.60% the S&P500.
The institutional sentiment decreased to 0.58 in 2015 Q3. Its down 0.71, from 1.29 in 2015Q2. The ratio dived, as 16 funds sold all Student Transportation Inc shares owned while 20 reduced positions. 6 funds bought stakes while 15 increased positions. They now own 18.25 million shares or 5.09% less from 19.23 million shares in 2015Q2.