Today’s Market Runner: Blucora Inc Just Reaches 52-Week High?

Today's Market Runner: Blucora Inc Just Reaches 52 Week High?

The stock of Blucora Inc (NASDAQ:BCOR) hit a new 52-week high and has $18.12 target or 26.00% above today’s $14.38 share price. The 7 months bullish chart indicates low risk for the $608.14 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $18.12 price target is reached, the company will be worth $158.12M 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 35,090 shares traded hands. Blucora Inc (NASDAQ:BCOR) has risen 153.95% since April 19, 2016 and is uptrending. It has outperformed by 150.09% the S&P500.

Blucora Inc (NASDAQ:BCOR) Ratings Coverage

Out of 4 analysts covering Blucora (NASDAQ:BCOR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $16 is the highest target while $10 is the lowest. The $13 average target is -9.60% below today’s ($14.38) stock price. Blucora has been the topic of 8 analyst reports since August 22, 2015 according to StockzIntelligence Inc. The stock of Blucora Inc (NASDAQ:BCOR) has “Buy” rating given on Monday, August 24 by Benchmark. The rating was maintained by Benchmark with “Buy” on Saturday, August 22. On Friday, February 12 the stock rating was maintained by Wedbush with “Outperform”. The firm has “Buy” rating given on Friday, April 29 by Craig Hallum. The firm has “Buy” rating by Benchmark given on Tuesday, February 16. The stock has “Outperform” rating given by Barrington Research on Friday, October 28. Barrington Research upgraded it to “Outperform” rating and $10 target price in Monday, May 2 report.

According to Zacks Investment Research, “Blucora, Inc. is engaged in providing internet-based solutions for consumers and business partners. It owns and operates two Internet businesses. Blucora’s InfoSpace business provides online search and monetization solutions. The Company’s TaxACT business provides online tax preparation solutions to consumers and professional preparers. Blucora, Inc., formerly known as InfoSpace, Inc., is headquartered in Bellevue, Washington.”

More notable recent Blucora Inc (NASDAQ:BCOR) news were published by: Streetinsider.com which released: “Blucora, Inc. (BCOR) Announces Completion of $40M Monoprice Sale” on November 17, 2016, also Fool.com with their article: “Why Blucora Inc. Shares Jumped 24% Today” published on April 28, 2016, Streetinsider.com published: “Blucora, Inc. (BCOR) Announces Sale of Monoprice Business” on November 15, 2016. More interesting news about Blucora Inc (NASDAQ:BCOR) were released by: Wsj.com and their article: “Blucora to Buy HD Vest for $580 Million” published on October 14, 2015 as well as Prnewswire.com‘s news article titled: “HD Vest Announces Agreement to be Acquired by Blucora, Inc.” with publication date: October 14, 2015.

BCOR Company Profile

Blucora, Inc., incorporated on April 9, 1996, is a well-known provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Firm operates through two divisions: the Wealth Management, which consists of the HD Vest, Inc. (HD Vest) business, and the Tax Preparation, which consists of the TaxAct, Inc. (TaxAct) business. HD Vest provides wealth management solutions for financial advisors. TaxAct provides digital tax preparation solutions for consumers, small business owners and tax professionals.

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