The stock of Points International Ltd (USA) (NASDAQ:PCOM) hit a new 52-week low and has $5.98 target or 11.00% below today’s $6.72 share price. The 6 months bearish chart indicates high risk for the $103.25 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $5.98 price target is reached, the company will be worth $11.36M 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 120,469 shares traded hands or 217.22% up from the average. Points International Ltd (USA) (NASDAQ:PCOM) has declined 3.38% since April 1, 2016 and is downtrending. It has underperformed by 4.59% the S&P500.
According to Zacks Investment Research, “Points International Ltd. provides a range of e-commerce and technology services to loyalty program operators. It is the owner and operator of Points.com, the world’s leading reward program management Web site. Points.com is an online loyalty program management portal, where consumers can earn, buy, gift, share, swap and redeem miles and points with some of the loyalty programs and retail partners. Developed in partnership with Travelocity, Book with Points is a service, which allows consumers to search for, book and then directly pay for travel reservations using a mix of loyalty currency and cash with no blackout dates or capacity controls. The company has client or strategic operating relationships with the world’s leading loyalty programs. Participating programs include American Airlines AAdvantage program, Aeroplan, AsiaMiles, British Airways Executive Club, Wyndham Rewards, Delta SkyMiles and InterContinental Hotels Group’s Priority Club Rewards. Redemption partners include Amazon.com and Starbucks.”
Insitutional Activity: The institutional sentiment increased to 0.83 in Q2 2016. Its up 0.11, from 0.72 in 2016Q1. The ratio increased, as 5 funds sold all Points International Ltd (USA) shares owned while 7 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 6.02 million shares or 3.72% less from 6.25 million shares in 2016Q1.
Montrusco Bolton Invs Inc has 0.35% invested in the company for 605,731 shares. Oxford Asset Mgmt has 0.01% invested in the company for 33,736 shares. Pembroke Mgmt has 1.61M shares for 1.71% of their US portfolio. Cannell Limited Liability Co accumulated 3.14% or 853,315 shares. Wealthtrust Axiom Limited Liability Co last reported 2.39% of its portfolio in the stock. Morgan Stanley holds 0% of its portfolio in Points International Ltd (USA) (NASDAQ:PCOM) for 6,860 shares. Deutsche Commercial Bank Ag has 99,558 shares for 0% of their US portfolio. Td Asset Mngmt Inc owns 152,564 shares or 0% of their US portfolio. Hillsdale Investment has 0.18% invested in the company for 67,900 shares. Hodges Mgmt holds 0.09% or 196,781 shares in its portfolio. Manatuck Hill Prns Limited has 122,900 shares for 0.49% of their US portfolio. Wfg Advsrs L P holds 254 shares or 0% of its portfolio. Moreover, Royal State Bank Of Canada has 0% invested in Points International Ltd (USA) (NASDAQ:PCOM) for 1,480 shares. Trellus Mgmt Communications Limited Liability Corp last reported 1.81% of its portfolio in the stock. Ladenburg Thalmann Fincl last reported 0% of its portfolio in the stock.
More notable recent Points International Ltd (USA) (NASDAQ:PCOM) news were published by: Benzinga.com which released: “Mid-Day Market Update: Inteliquent Jumps On Acquisition News; Fitbit Shares Slide” on November 03, 2016, also Usatoday.com with their article: “Eight reasons to collect Southwest Rapid Rewards points” published on March 24, 2016, Usatoday.com published: “Dow slammed again on ‘Brexit Blues,’ drops 260 points” on June 27, 2016. More interesting news about Points International Ltd (USA) (NASDAQ:PCOM) were released by: Startribune.com and their article: “US men’s basketball tested in 10-point win over Australia” published on August 11, 2016 as well as Theguardian.com‘s news article titled: “KaradÅ¾ic trial points to advantages of focused criminal tribunals” with publication date: March 24, 2016.
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