Stock Mover of The Day: Does Gores Holdings Inc Have More Gas After Making 52-Week High?

Stock Mover of The Day: Does Gores Holdings Inc Have More Gas After Making 52 Week High?

The stock of Gores Holdings Inc (NASDAQ:GRSH) hit a new 52-week high and has $15.69 target or 40.00% above today’s $11.21 share price. The 6 months bullish chart indicates low risk for the $533.57 million company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $15.69 price target is reached, the company will be worth $213.43 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 95,984 shares traded hands. Gores Holdings Inc (NASDAQ:GRSH) has risen 14.89% since March 14, 2016 and is uptrending. It has outperformed by 9.28% the S&P500.

Analysts await Gores Holdings Inc (NASDAQ:GRSH) to report earnings on November, 8.

According to Zacks Investment Research, “Gores Holdings, Inc. is a blank check company. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. Gores Holdings, Inc. is based in Beverly Hills, California.”

More notable recent Gores Holdings Inc (NASDAQ:GRSH) news were published by: Seekingalpha.com which released: “The Gores Holdings, Inc. Acquisition Of Hostess Is More Expensive Than It Looks” on October 03, 2016, also Businesswire.com with their article: “Hostess Brands, Maker of Twinkies®, Announces Sale Agreement with Gores …” published on July 05, 2016, Businesswire.com published: “Gores Holdings, Inc. Completes $375 Million Initial Public Offering” on August 19, 2015. More interesting news about Gores Holdings Inc (NASDAQ:GRSH) were released by: Businesswire.com and their article: “Gores Holdings, Inc. Announces the Separate Trading of Its Class A Common …” published on October 15, 2015 as well as Seekingalpha.com‘s news article titled: “Gores Holdings: Delicious Opportunity, Stock Underpriced, Warrants …” with publication date: August 15, 2016.

GRSH Company Profile

Gores Holdings, Inc., incorporated on June 01, 2015, is a blank check company. The Firm was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

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