The stock of ACCO Brands Corporation (NYSE:ACCO) hit a new 52-week high and has $17.32 target or 38.00% above today’s $12.55 share price. The 5 months bullish chart indicates low risk for the $1.33B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $17.32 price target is reached, the company will be worth $505.40 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 537,650 shares traded hands. ACCO Brands Corporation (NYSE:ACCO) has risen 37.02% since April 15, 2016 and is uptrending. It has outperformed by 32.40% the S&P500.
According to Zacks Investment Research, “ACCO Brands Corporation is a world leader in branded office products. Its industry-leading brands include Swingline, Kensington, Wilson Jones, Quartet, GBC, and Day-Timer, among others. Under the GBC brand, the Company is also a leader in the professional printing market.”
More news for ACCO Brands Corporation (NYSE:ACCO) were recently published by: Prnewswire.com, which released: “ACCO Brands Corporation Reports Third Quarter 2016 Results” on October 24, 2016. Prnewswire.com‘s article titled: “ACCO Brands Corporation Reports Second Quarter 2016 Results” and published on August 02, 2016 is yet another important article.
ACCO Company Profile
ACCO Brands Corporation, incorporated on October 26, 1970, is a maker and marketer of office, school and calendar products, and select computer and electronic accessories. The Firm sells its products to clients and commercial end users primarily through resellers, including traditional office supply resellers, wholesalers and retailers, including online retailers. The Firm operates through three divisions: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Firm sells its products primarily to markets located in the United States, Northern Europe, Brazil, Canada, Australia and Mexico.
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