Exclusive: Is Selling 52-Week Stock Like Pearson PLC (ADR) a Winning Strategy?

Exclusive: Is Selling 52 Week Stock Like Pearson PLC (ADR) a Winning Strategy?

The stock of Pearson PLC (ADR) (NYSE:PSO) hit a new 52-week low and has $8.44 target or 9.00% below today’s $9.27 share price. The 8 months bearish chart indicates high risk for the $7.81B company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $8.44 price target is reached, the company will be worth $702.90M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 541,850 shares traded hands or 7.15% up from the average. Pearson PLC (ADR) (NYSE:PSO) has declined 19.59% since March 14, 2016 and is downtrending. It has underperformed by 25.20% the S&P500.

Pearson PLC (ADR) (NYSE:PSO) Ratings Coverage

Out of 9 analysts covering Pearson PLC (NYSE) (NYSE:PSO), 3 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 33% are positive. Pearson PLC (NYSE) has been the topic of 11 analyst reports since September 16, 2015 according to StockzIntelligence Inc. The rating was downgraded by Bank of America to “Neutral” on Thursday, October 22. The rating was upgraded by Jefferies on Thursday, January 21 to “Buy”. Credit Suisse downgraded Pearson PLC (ADR) (NYSE:PSO) on Tuesday, October 27 to “Neutral” rating. As per Monday, November 2, the company rating was downgraded by Charles Stanley. The rating was upgraded by Societe Generale to “Buy” on Thursday, January 21. The firm has “Neutral” rating by BNP Paribas given on Thursday, September 22. The rating was reinitiated by JP Morgan with “Overweight” on Wednesday, September 16. BNP Paribas downgraded the stock to “Neutral” rating in Friday, October 23 report. Goldman Sachs downgraded the shares of PSO in a report on Wednesday, March 2 to “Sell” rating. The stock has “Neutral” rating given by JP Morgan on Thursday, October 22.

According to Zacks Investment Research, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone.”

More notable recent Pearson PLC (ADR) (NYSE:PSO) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on May 22, 2009, also Fool.com with their article: “Pearson PLC (ADR) Stock Surges 16% on Restructuring: Here’s What You Need To Know” published on January 21, 2016, Benzinga.com published: “Worst Performing Industries For October 17, 2016” on October 17, 2016. More interesting news about Pearson PLC (ADR) (NYSE:PSO) were released by: Benzinga.com and their article: “Pearson Fails In Testing; Stock Plummets” published on July 29, 2016 as well as Bidnessetc.com‘s news article titled: “Pearson PLC (ADR) Sells Financial Times Group To Japan’s Nikkei” with publication date: July 23, 2015.

PSO Company Profile

Pearson plc (Pearson), incorporated on August 12, 1897, is an international education and media company. The Firm has activities in the education, business information and consumer publishing markets. The Firm operates through three divisions: North America, Core and Growth. The Firm creates and manages intellectual property, which it promotes and sells to its clients under brand names. It has three lines of business corresponding to the stages of learning: schools, higher education and professional, which includes the Financial Times (FT) Group. The Firm delivers its content in a range of forms and through a range of channels, including books and online services. The Firm offers services, as well as content, from test creation, administration and processing to teacher development and school software. It operates in approximately 70 countries across the world. Pearson consists of its education business, including the FT Group and holds interest in Penguin Random House.

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