Analysts at Citigroup Inc. initiated coverage on USG Corp. (NYSE: USG) stock, starting the company at Neutral. A number of other analysts have commented on the stock recently, and the company has earned a consensus one-year price target of $30.85, higher than the opening price, potentially setting up a gain for savvy investors. $28.24.
Generally after analysts publish an “initiating coverage” report on a stock, they will subsequently issue periodic updates.
On Friday, while the market looked for direction on monetary policy, Fed Chairwoman Janet Yellen was ambiguous, saying only the case for a rate hike had “strengthened” but offered indication of when that might occur.
The notion of a second rate hike this year appeared to rattle the market.
All three major indices were higher in early trade, but a mid-day sell-off sent stocks into the red, with only the tech-heavy Nasdaq managing to regain positive territory by the close.
The Dow Jones Industrial Average fell 53 points, or 0.29 percent, to 18,395.
The S&P 500 fell around 3 points, or 0.16 percent, to 2,169.
The Nasdaq climbed 7 points, or 0.13 percent, to end the week at 5,219.
USG Corp. (NYSE: USG) opened at $28.24 today and has traded in a range between, $27.78 and $28.68. The last trade was at $28.06, representing change of or -0.18%.
Stock often cam move up or down on analysts reports and USG Corp. (NYSE: USG) shares traded to the downside, $-0.05 per share or -0.18 percent.
USG Corp. (NYSE: USG) now has a market cap of $4.10B
The stock’s average daily volume is 1,399,470 shares out of a total float 91,162,000 and some 1,199,526 shares traded hands on Friday, 30 percent lower than normal.
Look for increasing trading volume in trading activity today and going forward.
A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. A widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random price fluctuations.
USG Corp. (NYSE: USG) now has a 50-day MA is $28.49 and 200-day MA is $26.16, and it has traded in a 52-week range between $15.85 – 31.14
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