Notable Mover: Is Buying 52-Week Stock Like IDT Corporation a Winning Strategy?

Notable Mover: Is Buying 52 Week Stock Like IDT Corporation a Winning Strategy?

The stock of IDT Corporation (NYSE:IDT) hit a new 52-week high and has $30.41 target or 61.00% above today’s $18.89 share price. The 6 months bullish chart indicates low risk for the $434.91 million company. The 1-year high was reported on Nov, 11 by If the $30.41 price target is reached, the company will be worth $265.30M 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 83,296 shares traded hands. IDT Corporation (NYSE:IDT) has risen 18.38% since April 11, 2016 and is uptrending. It has outperformed by 12.24% the S&P500.

According to Zacks Investment Research, “IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards.”

Insitutional Activity: The institutional sentiment increased to 1.5 in Q2 2016. Its up 0.43, from 1.07 in 2016Q1. The ratio is positive, as 6 funds sold all IDT Corporation shares owned while 26 reduced positions. 16 funds bought stakes while 32 increased positions. They now own 12.31 million shares or 0.73% more from 12.22 million shares in 2016Q1.
Teachers Advsr Incorporated has invested 0% of its portfolio in IDT Corporation (NYSE:IDT). The Massachusetts-based Grantham Mayo Van Otterloo & Limited Liability Company has invested 0% in IDT Corporation (NYSE:IDT). California State Teachers Retirement Systems has 36,393 shares for 0% of their US portfolio. Bankshares Of America De has 0% invested in the company for 23,846 shares. Deutsche Bank & Trust Ag accumulated 22,161 shares or 0% of the stock. Cornerstone Cap Management Holdg holds 0.01% of its portfolio in IDT Corporation (NYSE:IDT) for 88,081 shares. Prudential reported 26,215 shares or 0% of all its holdings. Teacher Retirement Sys Of Texas last reported 0% of its portfolio in the stock. Nationwide Fund Advisors reported 54,272 shares or 0% of all its holdings. Geode Cap Mngmt holds 239,506 shares or 0% of its portfolio. Goldman Sachs Grp holds 29,731 shares or 0% of its portfolio. Bancshares Of New York Mellon accumulated 387,749 shares or 0% of the stock. Impact Advsr Limited Liability Co holds 0.4% of its portfolio in IDT Corporation (NYSE:IDT) for 59,476 shares. Fmr Ltd Liability Company accumulated 0% or 126,430 shares. Brave Asset Mngmt, a New Jersey-based fund reported 66 shares.

Insider Transactions: Since June 14, 2016, the stock had 0 insider purchases, and 11 sales for $3.62 million net activity. Shares for $80,452 were sold by MASON JOYCE J on Tuesday, October 18. 400 shares with value of $6,942 were sold by COSENTINO ERIC F. on Wednesday, October 5. On Tuesday, October 11 the insider JONAS HOWARD S sold $735,859. PEREIRA BILL had sold 13,341 shares worth $231,369.

More notable recent IDT Corporation (NYSE:IDT) news were published by: which released: “IDT Corporation Announces Investment in Cornerstone Pharmaceuticals” on November 10, 2016, also with their article: “IDT Corporation: Upcoming Spinoff To Unlock Hidden Sum Of The Parts Value” published on November 25, 2015, published: “IDT Corporation (IDT) Ex-Dividend Date Scheduled for October 06, 2016” on October 05, 2016. More interesting news about IDT Corporation (NYSE:IDT) were released by: and their article: “IDT Corporation’s (IDT) CEO Shmuel Jonas on Q3 2016 Results – Earnings Call …” published on June 02, 2016 as well as‘s news article titled: “IDT takes strategic stake in biotech Cornerstone” with publication date: November 10, 2016.

IDT Company Profile

IDT Corporation, incorporated on December 22, 1995, is a holding firm with activities primarily in the telecommunications and payment industries. The Company’s divisions include Telecom Platform Services, Consumer Phone Services and All Other. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination. The Company’s Consumer Phone Services segment provides consumer local and long distance services in certain states of the United States. The Telecom Platform Services and Consumer Phone Services divisions comprise the Company’s IDT Telecom division. The All Other segment includes its real estate holdings and other smaller businesses.

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