The stock of Silver Run Acquisition Corporation (NASDAQ:SRAQ) reached all time high today, Sep, 30 and still has $27.04 target or 69.00% above today’s $16.00 share price. This indicates more upside for the $742.00 million company. This technical setup was reported by Barchart.com. If the $27.04 PT is reached, the company will be worth $511.98M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 595,238 shares traded hands or 75.72% up from the average. Silver Run Acquisition Corporation (NASDAQ:SRAQ) has risen 6.00% since August 31, 2016 and is uptrending. It has underperformed by 4.42% the S&P500.
Analysts await Silver Run Acquisition Corporation (SRAQ) to report earnings on November, 10.
According to Zacks Investment Research, “Silver Run Acquisition Corporation is an energy-focused special purpose entity formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Silver Run Acquisition Corporation is based in HOUSTON, United States.”
More notable recent Silver Run Acquisition Corporation (NASDAQ:SRAQ) news were published by: Prnewswire.com which released: “Silver Run Acquisition Corporation to Acquire Controlling Stake in Centennial …” on July 22, 2016, also Prnewswire.com with their article: “Silver Run Acquisition Corporation Announces the Separate Trading of its Class …” published on April 14, 2016, Prnewswire.com published: “Silver Run Acquisition Corporation Completes $500 Million Initial Public Offering” on February 29, 2016. More interesting news about Silver Run Acquisition Corporation (NASDAQ:SRAQ) were released by: Seekingalpha.com and their article: “Why My Oil Portfolio Just Acquired Some Silver Run Acquisition Corp” published on March 18, 2016 as well as Marketwatch.com‘s news article titled: “Silver Run Acquisition Corp. trading slightly above issue price in rare IPO” with publication date: February 24, 2016.
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