CBOE Holdings Inc. (NASDAQ: CBOE) Price Target Boosted at Deutsche Bank AG

CBOE Holdings Inc. (NASDAQ: CBOE) had its price target raised by equities researchers at Deutsche Bank AG from $67.00 to $68.00.Deutsche Bank AG currently has a rating of Hold on the stock. A number of other analysts have commented on the stock in recent days, and the company has earned a consensus one-year price target of $65.15, lower than the opening price of $68.16, a difference of 9.58 percent. CBOE Holdings Inc. stock has a 52-week high of $72.53.

U.S. equities saw their biggest selloff since June 24, (Brexit) on Friday after comments from a voting member of the Federal Reserve’s policy-setting committee suggested a September rate hike was still a possibility.

The Dow Jones Industrial Average dropped 394 points, or 2.13% to 18085.

The S&P 500 shed 53 points, or 2.45% to 2127, while the Nasdaq Composite erased 133 points, or 2.54% to 5125.

Stocks were no alone in declines on Friday.

Global oil prices, after rallying Thursday, dropped more than 3% Friday to trade just above $45 a barrel.

Gold prices also traded lower, shedding more than 0.6% to trade around $1,332.

Usually, after analysts publish an “initiating coverage” report on a stock, they will subsequently issue periodic updates.

Shares of CBOE Holdings Inc. (NASDAQ: CBOE) opened at $68.16 yesterday and traded in a range between, $68.00 and $68.72, and last traded at $68.00, which represents a change of $ -0.54 over the previous closing price.

CBOE Holdings Inc. (NASDAQ: CBOE) now has a market cap of 5.53B

The stocks average daily volume is 408,369 shares out of a total float 76,084,000 of and some 388,848 shares crossed the trading desk yesterday, 45 percent lower than normal. Look for trading volume to pick up in the coming days as momentum traders often use increases 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 simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These instituitional investors have teams of analysts researching thousands of stocks, so it is good confirmation to see them buying a stock you’re researching.

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 CBOE Holdings Inc. (NASDAQ: CBOE) now has a 50-day MA is $68.41 and 200-day MA is $65.63, and it has traded in a 52-week range between $58.43 – 72.53 and today’s last price is -0.06 percent off the 52 week high of $72.53.

Earnings growth is an important factor toresearch when buying stocks and investors look for companies that have grown their earnings at least 25% or more for the past 3 years.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of BNB Daily News. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.

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