Stock On Watch: Could Crawford & Company Go Down After Touching 52-Week High?

Stock On Watch: Could Crawford & Company Go Down After Touching 52 Week High?

The stock of Crawford & Company (NYSE:CRD.B) hit a new 52-week high and has $20.81 target or 67.00% above today’s $12.46 share price. The 5 months bullish chart indicates low risk for the $638.09M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $20.81 price target is reached, the company will be worth $427.52M 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 50,131 shares traded hands or 21.99% up from the average. Crawford & Company (NYSE:CRD.B) has risen 97.42% since April 11, 2016 and is uptrending. It has outperformed by 91.27% the S&P500.

According to Zacks Investment Research, “CRAWFORD & CO. is a worldwide diversified services firm organized which provides claims services, risk management services, disability managment, risk control services and risk management information services to insurance companies, self-insured corporations and governmental entities.”

More important recent Crawford & Company (NYSE:CRD.B) news were published by: Reuters.com which released: “BRIEF-Crawford & Company names Hilton Sturisky CIO” on November 04, 2016, also Seekingalpha.com published article titled: “Crawford & Company’s (CRD.B) CEO Harsha Agadi on Q3 2016 Results – Earnings …”, Globenewswire.com published: “Crawford & Company® Names Hilton Sturisky CIO” on November 04, 2016. More interesting news about Crawford & Company (NYSE:CRD.B) was released by: Seekingalpha.com and their article: “A Possible Pair Trade In Crawford & Company” with publication date: October 07, 2016.

CRD.B Company Profile

Crawford & Company (Crawford), incorporated on May 21, 1943, is an independent well-known provider of claims management solutions to the risk management and insurance industry, as well as to self-insured entities. The Company’s Crawford Solution offers claims services, business process outsourcing and consulting services for various product lines, including property and casualty claims management; workers’ compensation claims and medical management, and legal settlement administration. Crawford conducts its activities through four divisions: U.S. Services, which primarily serves the property and casualty insurance firm markets in the United States; International, which serves the property and casualty insurance company, and self-insurance markets outside the United States; Broadspire, which serves the self-insurance marketplace, primarily in the United States, and Garden City Group, which serves the class action, regulatory, mass tort, bankruptcy and other legal settlement markets, primarily in the United States.

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