Tuesday Morning Corporation (TUES) on Focus After Forming Bearish Double Bottom Chart Pattern

September 17, 2017 - By Kurt Siggers

Investors sentiment increased to 1.53 in Q4 2016. Its up 0.39, from 1.14 in 2016Q3. It is positive, as 14 investors sold Tuesday Morning Corporation shares while 22 reduced holdings. 11 funds opened positions while 44 raised stakes. 40.38 million shares or 0.90% more from 40.02 million shares in 2016Q3 were reported.
Principal Fincl Group invested in 0% or 330,656 shares. Blackrock Lc accumulated 0% or 25,084 shares. Fuller & Thaler Asset reported 463,200 shares. Pdts Prtn Ltd Liability invested in 0.02% or 55,066 shares. Financial Bank Of Montreal Can reported 0% stake. Riverhead Capital Ltd Liability Co stated it has 1,400 shares or 0% of all its holdings. Moreover, Public Sector Pension Investment Board has 0% invested in Tuesday Morning Corporation (NASDAQ:TUES) for 30,385 shares. 32,307 were reported by State Board Of Administration Of Florida Retirement. Royal Natl Bank Of Canada accumulated 0% or 1,568 shares. Numeric Invsts Limited Company invested in 0.01% or 97,783 shares. Citadel Advisors holds 77,975 shares. Wells Fargo And Mn owns 103,542 shares. Northern Tru accumulated 530,531 shares. Guggenheim Cap Ltd stated it has 906,261 shares. Citigroup invested in 84,247 shares or 0% of the stock.

Since May 4, 2017, it had 5 buys, and 0 sales for $686,620 activity. Another trade for 100,000 shares valued at $241,590 was bought by Becker Steven R. The insider SHIRLEY STACIE bought $18,500. BURMAN TERRY LEE also bought $89,455 worth of Tuesday Morning Corporation (NASDAQ:TUES) on Wednesday, May 10.

The chart of Tuesday Morning Corporation (TUES) shows a double bottom with $2.40 target or 6.00 % below today’s $2.55 share price. The 8 months chart pattern indicates high risk for the $115.12 million company. It was reported on Sep, 17 by Finviz.com. If the $2.40 price target is reached, the company will be worth $6.91 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 8.51% or $0.2 on September 15, reaching $2.55. About 509,432 shares traded. Tuesday Morning Corporation (NASDAQ:TUES) has declined 67.64% since September 17, 2016 and is downtrending. It has underperformed by 84.34% the S&P500.

Tuesday Morning Corporation (NASDAQ:TUES) Ratings Coverage

Among 3 analysts covering Tuesday Morning (NASDAQ:TUES), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Tuesday Morning had 7 analyst reports since August 24, 2015 according to SRatingsIntel. Johnson Rice downgraded Tuesday Morning Corporation (NASDAQ:TUES) on Wednesday, January 18 to “Hold” rating. B. Riley & Co maintained the shares of TUES in report on Friday, August 25 with “Neutral” rating. The stock has “Hold” rating by Zacks on Friday, August 21. The stock of Tuesday Morning Corporation (NASDAQ:TUES) has “Buy” rating given on Wednesday, August 26 by Zacks. On Monday, May 2 the stock rating was maintained by Stifel Nicolaus with “Buy”. Stifel Nicolaus upgraded the shares of TUES in report on Monday, August 24 to “Buy” rating. The stock of Tuesday Morning Corporation (NASDAQ:TUES) earned “Neutral” rating by B. Riley & Co on Tuesday, January 26.

More news for Tuesday Morning Corporation (NASDAQ:TUES) were recently published by: Globenewswire.com, which released: “Tuesday Morning Corporation Announces Fourth Quarter and Fiscal 2017 Results” on August 24, 2017. Seekingalpha.com‘s article titled: “Tuesday Morning’s (TUES) CEO Steven Becker on Q4 2017 Results – Earnings Call …” and published on August 24, 2017 is yet another important article.

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