Is Selling U.S. Global Investors, Inc. (GROW) Here a Winning Strategy? The Stock Formed Double Bottom

June 19, 2017 - By Marguerite Chambers

Investors sentiment increased to 2.4 in 2016 Q4. Its up 1.15, from 1.25 in 2016Q3. It is positive, as 0 investors sold U.S. Global Investors, Inc. shares while 5 reduced holdings. 5 funds opened positions while 7 raised stakes. 5.76 million shares or 1.80% less from 5.87 million shares in 2016Q3 were reported.
Citadel Ltd Liability owns 15,831 shares for 0% of their portfolio. Finance Investment Group Inc Limited invested in 2.46M shares or 1.29% of the stock. Blackrock Fund Advisors holds 5,183 shares. Wells Fargo Co Mn reported 1,501 shares. 45,139 were accumulated by Geode Cap Mngmt Lc. California Pub Employees Retirement Systems holds 32,800 shares or 0% of its portfolio. Highlander Management Lc reported 8,145 shares or 0.01% of all its holdings. Kcg has invested 0% in U.S. Global Investors, Inc. (NASDAQ:GROW). The Illinois-based North Star Invest Corp has invested 0% in U.S. Global Investors, Inc. (NASDAQ:GROW). Raffles L P accumulated 25,001 shares. Northern Tru reported 21,242 shares. Guggenheim Capital Lc accumulated 0% or 10,731 shares. Deutsche Bank & Trust Ag owns 2,493 shares for 0% of their portfolio. Bancorp Of New York Mellon Corporation has 0% invested in U.S. Global Investors, Inc. (NASDAQ:GROW) for 22,955 shares. Manufacturers Life Ins The, Ontario – Canada-based fund reported 1,717 shares.

Since December 20, 2016, it had 15 insider purchases, and 0 sales for $15,120 activity. 1,000 shares were bought by HOLMES FRANK E, worth $1,799.

The chart of U.S. Global Investors, Inc. (GROW) shows a double bottom with $1.45 target or 5.00 % below today’s $1.53 share price. The 5 months chart pattern indicates high risk for the $23.70 million company. It was reported on Jun, 19 by Finviz.com. If the $1.45 price target is reached, the company will be worth $1.19M less. Double bottoms are rare but powerful chart patterns.

It closed at $1.53 lastly. It is down 19.21% since June 19, 2016 and is downtrending. It has underperformed by 35.91% the S&P500.

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