Price Action to Note: What’s Propelling Pearson PLC (ADR) to Reach 1 Year Low?

Price Action to Note: What's Propelling Pearson PLC (ADR) to Reach 1 Year Low?

The stock of Pearson PLC (ADR) (NYSE:PSO) hit a new 52-week low and has $8.50 target or 6.00% below today’s $9.04 share price. The 8 months bearish chart indicates high risk for the $7.44B company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $8.50 price target is reached, the company will be worth $446.40 million 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. The stock decreased 1.63% or $0.15 on November 3, hitting $9.04. About 872,954 shares traded hands or 52.89% up from the average. Pearson PLC (ADR) (NYSE:PSO) has declined 24.24% since April 1, 2016 and is downtrending. It has underperformed by 25.45% the S&P500.

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

Out of 10 analysts covering Pearson PLC (NYSE) (NYSE:PSO), 3 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 30% are positive. Pearson PLC (NYSE) has been the topic of 12 analyst reports since September 16, 2015 according to StockzIntelligence Inc. The stock of Pearson PLC (ADR) (NYSE:PSO) has “Buy” rating given on Thursday, January 21 by Jefferies. The firm has “Hold” rating given on Monday, November 2 by Charles Stanley. The stock of Pearson PLC (ADR) (NYSE:PSO) has “Neutral” rating given on Thursday, October 22 by Bank of America. The stock of Pearson PLC (ADR) (NYSE:PSO) earned “Neutral” rating by BNP Paribas on Thursday, September 22. The firm has “Neutral” rating by Credit Suisse given on Tuesday, October 27. The stock of Pearson PLC (ADR) (NYSE:PSO) has “Sell” rating given on Wednesday, March 2 by Goldman Sachs. The rating was reinitiated by JP Morgan with “Overweight” on Wednesday, September 16. As per Thursday, January 21, the company rating was upgraded by Societe Generale. The firm has “Neutral” rating by BNP Paribas given on Friday, October 23. The firm has “Equal-Weight” rating given on Thursday, October 27 by Morgan Stanley.

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 important 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 published article titled: “Pearson PLC (ADR) Stock Surges 16% on Restructuring: Here’s What You Need To Know”, Benzinga.com published: “Pearson Fails In Testing; Stock Plummets” on July 29, 2016. More interesting news about Pearson PLC (ADR) (NYSE:PSO) was released by: Bidnessetc.com and their article: “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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