Price Action Report: Is Selling Educational Development Corporation Here a Winning Strategy?

Price Action Report: Is Selling Educational Development Corporation Here a Winning Strategy?

The stock of Educational Development Corporation (NASDAQ:EDUC) is a huge mover today! About 127,676 shares traded hands or 658.80% up from the average. Educational Development Corporation (NASDAQ:EDUC) has risen 0.81% since March 7, 2016 and is uptrending. It has underperformed by 6.79% the S&P500.
The move comes after 5 months negative chart setup for the $43.79M company. It was reported on Oct, 10 by Barchart.com. We have $9.69 PT which if reached, will make NASDAQ:EDUC worth $4.82 million less.

According to Zacks Investment Research, “Educational Development Corporation is the United States trade publisher of a line of children’s books produced in the United Kingdom by Usborne Publishing Limited. The Home Business Division distributes these books through independent sales consultants who hold book showings in individual homes and through book fairs, fund raisers and direct sales. The Home Business Division is also responsible for sales to school and public libraries. The company’s Publishing Division distributes the books to book stores, toy stores, specialty stores and other retail outlets.”

Insitutional Activity: The institutional sentiment decreased to 0.83 in 2016 Q2. Its down 1.84, from 2.67 in 2016Q1. The ratio fall, as 7 funds sold all Educational Development Corporation shares owned while 5 reduced positions. 4 funds bought stakes while 6 increased positions. They now own 515,028 shares or 6.50% less from 550,823 shares in 2016Q1.
Spark Investment Mgmt Lc accumulated 0.01% or 12,300 shares. The Ontario – Canada-based Manufacturers Life Insur Com The has invested 0% in Educational Development Corporation (NASDAQ:EDUC). The California-based Eam Investors Ltd has invested 0.14% in Educational Development Corporation (NASDAQ:EDUC). Blackrock Investment Mngmt Ltd accumulated 539 shares or 0% of the stock. Blackrock Institutional Trust Na accumulated 4,490 shares or 0% of the stock. Dimensional Fund L P holds 94,987 shares or 0% of its portfolio. Deutsche Comml Bank Ag owns 1,700 shares or 0% of their US portfolio. Renaissance holds 0% or 51,531 shares in its portfolio. Eagle Global Advsr Ltd Company accumulated 0.01% or 25,096 shares. Tower Cap Limited Liability Company (Trc) owns 100 shares or 0% of their US portfolio. Geode Mngmt Ltd reported 21,194 shares or 0% of all its holdings. Vanguard Grp, a Pennsylvania-based fund reported 100,619 shares. Comml Bank Of America De holds 1,000 shares or 0% of its portfolio. Thompson Davis & Com, a Virginia-based fund reported 2,500 shares. Walleye Trading Ltd Llc, a Minnesota-based fund reported 1,800 shares.

More notable recent Educational Development Corporation (NASDAQ:EDUC) news were published by: Globenewswire.com which released: “Educational Development Corporation Announces Quarterly Dividend” on August 31, 2016, also Globenewswire.com with their article: “Educational Development Corporation Announces Record First Quarter Financial …” published on July 15, 2016, Nasdaq.com published: “Educational Development Corporation Announces Record Net Revenue for the Month …” on September 14, 2016. More interesting news about Educational Development Corporation (NASDAQ:EDUC) were released by: Globenewswire.com and their article: “Educational Development Corporation Announces Record Fiscal 2016 Results and …” published on May 26, 2016 as well as Globenewswire.com‘s news article titled: “Educational Development Corporation Announces Record Unaudited Net Revenues …” with publication date: June 07, 2016.

EDUC Company Profile

Educational Development Corporation (EDC), incorporated on August 23, 1965, is a publisher of the line of educational children’s books produced in the United Kingdom by Usborne Publishing Limited (Usborne). The Firm also owns Kane Miller Book Publishers. The Firm sells books through two divisions: Home Business Division (Usborne Books & More or UBAM) and Publishing Division (EDC Publishing). The Firm offers over 2,000 different titles, which include touchy-feely board books, activity and flashcards, adventure and search books, art books, sticker books and foreign language books. The Firm has a line of Internet-linked books, which allow readers to refer to relevant non-Usborne Websites. The Company’s books include science and math titles, as well as chapter books and novels.

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