Stock of The Day: Is Buying Viad Corp Here a Winning Strategy?

Stock of The Day: Is Buying Viad Corp Here a Winning Strategy?

The stock of Viad Corp (NYSE:VVI) hit a new 52-week high and has $68.92 target or 54.00% above today’s $44.75 share price. The 5 months bullish chart indicates low risk for the $931.68 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $68.92 price target is reached, the company will be worth $503.11 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. The stock last traded at $44.75 per share. It is down 48.42% since April 19, 2016 and is uptrending. It has outperformed by 44.56% the S&P500.

According to Zacks Investment Research, “Viad Corp. is comprised of operating companies and a division which constitute a diversified services business. Most of Viad’s services are provided to businesses for use by their customers. Accordingly, the corporation markets its services through retail and financial locations, primarily in the U.S., to numerous trade show organizers and exhibitors, and others.”

Insitutional Activity: The institutional sentiment increased to 1.39 in Q2 2016. Its up 0.19, from 1.2 in 2016Q1. The ratio increased, as 10 funds sold all Viad Corp shares owned while 45 reduced positions. 15 funds bought stakes while 51 increased positions. They now own 17.76 million shares or 0.09% more from 17.74 million shares in 2016Q1.
Goldman Sachs Grp Incorporated last reported 0% of its portfolio in the stock. State Board Of Administration Of Florida Retirement last reported 16,771 shares in the company. Kbc Nv holds 0% or 9,024 shares in its portfolio. Credit Suisse Ag last reported 0% of its portfolio in the stock. California State Teachers Retirement holds 0% of its portfolio in Viad Corp (NYSE:VVI) for 42,183 shares. Prudential Fin has 73,442 shares for 0% of their US portfolio. Emerald Advisers Pa holds 0.05% or 30,281 shares in its portfolio. Moreover, Highbridge Capital Mgmt Ltd Llc has 0% invested in Viad Corp (NYSE:VVI) for 7,797 shares. Commercial Bank Of New York Mellon Corporation last reported 0% of its portfolio in the stock. Allianz Asset Ag has 0% invested in the company for 81,525 shares. Thrivent Fincl For Lutherans holds 0% of its portfolio in Viad Corp (NYSE:VVI) for 9,810 shares. Northpointe Cap Ltd Limited Liability Company holds 439,426 shares or 1.61% of its portfolio. Da Davidson And, a Montana-based fund reported 716 shares. Stevens Mngmt Lp reported 7,356 shares or 0.01% of all its holdings. Ls Invest Advsrs Ltd accumulated 0% or 688 shares.

Insider Transactions: Since August 22, 2016, the stock had 0 buys, and 1 sale for $71,736 net activity. MUNZENRIDER ROBERT E had sold 2,000 shares worth $71,736.

More notable recent Viad Corp (NYSE:VVI) news were published by: Businesswire.com which released: “Viad Corp to Present on November 17, 2016 at the 2016 Southwest IDEAS Investor …” on November 11, 2016, also Prnewswire.com with their article: “Viad Corp Acquires Jasper National Park Based Attraction” published on January 05, 2016, Streetinsider.com published: “Viad Corp. (VVI) Acquires ON Event Services” on August 11, 2016. More interesting news about Viad Corp (NYSE:VVI) were released by: Prnewswire.com and their article: “Viad Corp Expands T&R Portfolio In Alaska” published on March 14, 2016 as well as Prnewswire.com‘s news article titled: “Viad Corp Hires President For Its Travel & Recreation Group” with publication date: June 15, 2015.

VVI Company Profile

Viad Corp, incorporated on December 16, 1991, is an international experiential services company. The Firm has activities in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. The Firm conducts its activities through three business divisions: the Marketing & Events U.S. Segment (U.S. Segment), the Marketing & Events International Segment (the International Segment) (collectively, the Marketing & Events Group), and the Travel & Recreation Group. The Marketing & Events Group, which includes the activities of Global Experience Specialists, Inc. (GES), is a global well-known provider for live events. The Travel & Recreation Group provides experiential travel services in iconic locations.

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