Will USANA Health Sciences, Inc. (USNA) Short Squeeze Soon? The Stock Formed a Double Bottom Pattern

June 19, 2017 - By Clifton Ray

Investors sentiment increased to 8.2 in 2016 Q4. Its up 7.39, from 0.81 in 2016Q3. It improved, as 9 investors sold USANA Health Sciences, Inc. shares while 6 reduced holdings. 19 funds opened positions while 104 raised stakes. 19.08 million shares or 288.70% more from 4.91 million shares in 2016Q3 were reported.
11,091 were reported by Tudor Invest Et Al. Voya Mngmt Lc has 5,036 shares for 0% of their portfolio. Focused Wealth Mngmt reported 2,112 shares. Strs Ohio reported 12,700 shares stake. Ny State Teachers Retirement owns 900 shares. Goldman Sachs Gru Inc Inc holds 0% or 27,211 shares in its portfolio. Symons Cap Mngmt holds 0.07% of its portfolio in USANA Health Sciences, Inc. (NYSE:USNA) for 4,990 shares. Millennium Mngmt Limited Liability Company holds 0% of its portfolio in USANA Health Sciences, Inc. (NYSE:USNA) for 20,749 shares. Clinton Inc invested 0.02% of its portfolio in USANA Health Sciences, Inc. (NYSE:USNA). Allianz Asset Ag holds 0% of its portfolio in USANA Health Sciences, Inc. (NYSE:USNA) for 8,686 shares. California State Teachers Retirement Sys accumulated 21,382 shares or 0% of the stock. The Massachusetts-based Fmr Limited Liability Corp has invested 0.01% in USANA Health Sciences, Inc. (NYSE:USNA). Dimensional Fund Advsr Limited Partnership holds 685,877 shares or 0.02% of its portfolio. Smithfield invested in 0% or 160 shares. Principal Financial Grp Inc has 0% invested in USANA Health Sciences, Inc. (NYSE:USNA).

Since January 11, 2017, it had 0 buys, and 14 selling transactions for $22.17 million activity. 40,000 shares were sold by Gull Global Ltd, worth $2.26M on Monday, May 1. On Wednesday, March 8 WENTZ MYRON W sold $1.14M worth of USANA Health Sciences, Inc. (NYSE:USNA) or 20,000 shares. On Tuesday, May 30 the insider Jones Paul A. sold $635,390. FULLER GILBERT A sold $314,455 worth of USANA Health Sciences, Inc. (NYSE:USNA) on Thursday, May 11.

The chart of USANA Health Sciences, Inc. (USNA) shows a double bottom with $59.20 target or 9.00 % below today’s $65.05 share price. The 5 months chart pattern indicates high risk for the $1.59B company. It was reported on Jun, 19 by Finviz.com. If the $59.20 price target is reached, the company will be worth $143.10 million less. Double bottoms are rare but powerful chart patterns.

It closed at $65.05 lastly. It is down 6.87% since June 19, 2016 and is uptrending. It has underperformed by 9.83% the S&P500.

Analysts expect USANA Health Sciences, Inc. (NYSE:USNA) to report $0.00 EPS on July, 25.

USANA Health Sciences, Inc. (NYSE:USNA) Ratings Coverage

Among 3 analysts covering USANA Health Science (NYSE:USNA), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. USANA Health Science has $200.0 highest and $55 lowest target. $117’s average target is 79.86% above currents $65.05 stock price. USANA Health Science had 7 analyst reports since August 6, 2015 according to SRatingsIntel. DA Davidson downgraded USANA Health Sciences, Inc. (NYSE:USNA) rating on Thursday, August 6. DA Davidson has “Neutral” rating and $180 target. The stock of USANA Health Sciences, Inc. (NYSE:USNA) has “Hold” rating given on Monday, May 1 by Pivotal Research. Pivotal Research maintained USANA Health Sciences, Inc. (NYSE:USNA) on Wednesday, February 8 with “Buy” rating. Pivotal Research upgraded the shares of USNA in report on Wednesday, August 5 to “Hold” rating. The rating was upgraded by Sidoti on Friday, October 16 to “Buy”. The firm has “Buy” rating given on Wednesday, September 16 by DA Davidson.

More notable recent USANA Health Sciences, Inc. (NYSE:USNA) news were published by: Globenewswire.com which released: “Pomerantz Law Firm Announces the Filing of a Class Action against USANA Health …” on February 13, 2017, also Prnewswire.com with their article: “USANA Appoints New President And CIO” published on December 07, 2016, Seekingalpha.com published: “Usana: China Uncertainty Means It Should Be Avoided” on May 03, 2017. More interesting news about USANA Health Sciences, Inc. (NYSE:USNA) were released by: Prnewswire.com and their article: “USANA Health Sciences’ China Subsidiary, BabyCare Ltd., Becomes an Official …” published on February 20, 2017 as well as Seekingalpha.com‘s news article titled: “USANA Health Sciences’ (USNA) CEO David Wentz on Q4 2016 Results – Earnings …” with publication date: February 08, 2017.

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