Price Change to Note: Could CLARCOR Inc. Lose its Strength? The Stock Reaches 52-Week High

Price Change to Note: Could CLARCOR Inc. Lose its Strength? The Stock Reaches 52 Week High

The stock of CLARCOR Inc. (NYSE:CLC) hit a new 52-week high and has $108.74 target or 59.00% above today’s $68.39 share price. The 5 months bullish chart indicates low risk for the $3.42B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $108.74 price target is reached, the company will be worth $2.02B 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 139,187 shares traded hands. CLARCOR Inc. (NYSE:CLC) has risen 19.75% since April 11, 2016 and is uptrending. It has outperformed by 13.61% the S&P500.

CLARCOR Inc. (NYSE:CLC) Ratings Coverage

Out of 3 analysts covering CLARCOR (NYSE:CLC), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. CLARCOR has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was downgraded by Robert W. Baird on Friday, September 18 to “Neutral”. As per Tuesday, September 22, the company rating was downgraded by TheStreet. The stock of CLARCOR Inc. (NYSE:CLC) earned “Sell” rating by Zacks on Monday, August 31. The firm has “Sell” rating by Zacks given on Tuesday, September 22. The rating was maintained by Robert W. Baird with “Neutral” on Friday, September 16. The firm has “Sell” rating by Zacks given on Wednesday, August 12. The rating was downgraded by Zacks on Tuesday, August 18 to “Hold”.

According to Zacks Investment Research, “Clarcor Inc. is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets.”

Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.49, from 1.3 in 2016Q1. The ratio turned negative, as 25 funds sold all CLARCOR Inc. shares owned while 87 reduced positions. 22 funds bought stakes while 69 increased positions. They now own 41.60 million shares or 7.20% less from 44.83 million shares in 2016Q1.
Diam reported 52,924 shares or 0.05% of all its holdings. Nationwide Fund last reported 146,223 shares in the company. Aqr Mgmt Limited Liability holds 0% of its portfolio in CLARCOR Inc. (NYSE:CLC) for 5,946 shares. Of Vermont has 0.04% invested in the company for 4,550 shares. Oregon Employees Retirement Fund has 16,745 shares for 0.02% of their US portfolio. Lord Abbett And Limited Company holds 0.01% of its portfolio in CLARCOR Inc. (NYSE:CLC) for 41,000 shares. The Wisconsin-based Morgan Dempsey Mngmt Ltd Company has invested 0.02% in CLARCOR Inc. (NYSE:CLC). Ameriprise Fin Inc has 149,490 shares for 0.01% of their US portfolio. New York State Teachers Retirement System holds 87,661 shares or 0.01% of its portfolio. Segall Bryant And Hamill Ltd Liability holds 0.03% of its portfolio in CLARCOR Inc. (NYSE:CLC) for 19,658 shares. First Tru Advisors L P reported 42,102 shares or 0.01% of all its holdings. Laurion Capital Mngmt Lp holds 0.01% or 7,000 shares in its portfolio. Clinton accumulated 0.1% or 38,653 shares. Td Asset Mgmt Incorporated accumulated 0% or 15,893 shares. The New York-based Metropolitan Life Ins Ny has invested 0.04% in CLARCOR Inc. (NYSE:CLC).

Insider Transactions: Since July 8, 2016, the stock had 0 insider purchases, and 5 selling transactions for $4.97 million net activity. Conway Christopher had sold 2,000 shares worth $121,620 on Friday, July 8. Fallon David Joseph also sold $1.55 million worth of CLARCOR Inc. (NYSE:CLC) on Tuesday, July 12. LINDSAY DAVID J sold $2.73M worth of stock or 44,000 shares. $465,000 worth of CLARCOR Inc. (NYSE:CLC) shares were sold by BURGSTAHLER ROBERT J.

More notable recent CLARCOR Inc. (NYSE:CLC) news were published by: Marketwatch.com which released: “Clarcor downgraded to neutral from outperform at RW Baird” on December 21, 2009, also Fool.com with their article: “Why CLARCOR Inc.’s Shares Plunged 16% Today” published on September 17, 2015, Forbes.com published: “Ex-Dividend Reminder: PNC Financial Services Group, BankUnited and Clarcor” on October 11, 2016. More interesting news about CLARCOR Inc. (NYSE:CLC) were released by: Businesswire.com and their article: “CLARCOR Divests Packaging Subsidiary J.L. Clark, Inc.” published on June 29, 2015 as well as Nasdaq.com‘s news article titled: “CLARCOR Inc. (CLC) Ex-Dividend Date Scheduled for October 13, 2016” with publication date: October 12, 2016.

CLC Company Profile

CLARCOR Inc., incorporated on March 3, 1969, which provides filtration products, filtration systems and services, and consumer and industrial packaging products. The Company’s divisions include Engine/Mobile Filtration and Industrial/Environmental Filtration.

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