Stock Worth Watching: Could ChannelAdvisor Corp Decline After Today’s Significant Increase?

Stock Worth Watching: Could ChannelAdvisor Corp Decline After Today's Significant Increase?

The stock of ChannelAdvisor Corp (NYSE:ECOM) is a huge mover today! About 107,622 shares traded hands or 34.71% up from the average. ChannelAdvisor Corp (NYSE:ECOM) has declined 6.17% since April 4, 2016 and is downtrending. It has underperformed by 7.26% the S&P500.
The move comes after 9 months positive chart setup for the $281.07 million company. It was reported on Nov, 4 by Barchart.com. We have $19.90 PT which if reached, will make NYSE:ECOM worth $205.18M more.

ChannelAdvisor Corp (NYSE:ECOM) Ratings Coverage

Out of 3 analysts covering ChannelAdvisor (NYSE:ECOM), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. ChannelAdvisor has been the topic of 4 analyst reports since November 6, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, September 23 by Needham. The rating was upgraded by Stifel Nicolaus to “Buy” on Friday, November 6.

According to Zacks Investment Research, “Channel Advisor Corporation offers cloud-based e-commerce solutions and services. It solutions include marketplaces, comparison shopping, paid search, social campaigns, flex feeds, web stores and rich media. The company serves traditional retailers, online retailers, brand manufacturers and advertising agencies. Channel Advisor Corporation is headquartered in Morrisville, North Carolina.”

Insitutional Activity: The institutional sentiment increased to 2.04 in 2016 Q2. Its up 0.94, from 1.1 in 2016Q1. The ratio increased, as 9 funds sold all ChannelAdvisor Corp shares owned while 18 reduced positions. 10 funds bought stakes while 45 increased positions. They now own 21.41 million shares or 0.13% more from 21.38 million shares in 2016Q1.
Moreover, Mizuho Secs Usa has 0.02% invested in ChannelAdvisor Corp (NYSE:ECOM) for 10,000 shares. Blackrock Fund last reported 0% of its portfolio in the stock. Bessemer Group Inc Inc owns 176 shares or 0% of their US portfolio. Da Davidson & Com accumulated 0% or 4,280 shares. Blackrock holds 0% or 9,805 shares in its portfolio. Emerald Mutual Fund Advisers Tru has invested 0.46% of its portfolio in ChannelAdvisor Corp (NYSE:ECOM). Vanguard Group Inc has invested 0% of its portfolio in ChannelAdvisor Corp (NYSE:ECOM). Federated Pa last reported 850,579 shares in the company. Wells Fargo And Mn owns 11,900 shares or 0% of their US portfolio. Spark Invest Mgmt Lc has 35,100 shares for 0.05% of their US portfolio. National Bank & Trust Of Montreal Can owns 4,733 shares or 0% of their US portfolio. Moreover, Deutsche National Bank Ag has 0% invested in ChannelAdvisor Corp (NYSE:ECOM) for 92,473 shares. Teachers Advsr Incorporated reported 33,901 shares or 0% of all its holdings. Essex Invest Mngmt Ltd accumulated 0.12% or 50,011 shares. First Manhattan has 13,040 shares for 0% of their US portfolio.

Insider Transactions: Since May 23, 2016, the stock had 2 insider purchases, and 2 sales for $1.20 million net activity. WINGO M SCOT sold $731,300 worth of ChannelAdvisor Corp (NYSE:ECOM) on Monday, August 22. Cook Mark had bought 10,000 shares worth $122,600. Another trade for 10,000 shares valued at $127,700 was made by Spitz David J on Wednesday, August 24.

More news for ChannelAdvisor Corp (NYSE:ECOM) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on May 23, 2013. Quotes.Wsj.com‘s article titled: “ChannelAdvisor Corp. ECOM (US: NYSE)” and published on May 18, 2013 is yet another important article.

ECOM Company Profile

ChannelAdvisor Corporation, incorporated on June 18, 2001, is a well-known provider of software as a service (SaaS) solutions. The Company’s SaaS solutions enable its retailer and maker clients to integrate and manage their merchandise sales across various online channels. Through its platform, the Company enables its clients to connect with various sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg and Sears, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and other channels, such as Facebook and Pinterest. The Company’s suite of solutions provides its clients with an integrated user interface to manage their product listings, inventory availability, pricing optimization, search terms, data analytics and other functions across the channels. The firm also offers solutions that allow branded manufacturers to send their Web visitors directly to authorized resellers and to gain insight into consumer behavior.

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