Price Action Alert: Could Summer Infant, Inc. Change Direction After Today’s Significant Increase?

Price Action Alert: Could Summer Infant, Inc. Change Direction After Today's Significant Increase?

The stock of Summer Infant, Inc. (NASDAQ:SUMR) is a huge mover today! The stock increased 16.47% or $0.28 on November 7, hitting $1.98. About 62,901 shares traded hands or 466.37% up from the average. Summer Infant, Inc. (NASDAQ:SUMR) has risen 1.19% since April 5, 2016 and is uptrending. It has underperformed by 0.77% the S&P500.
The move comes after 7 months positive chart setup for the $34.81M company. It was reported on Nov, 7 by Barchart.com. We have $5.64 PT which if reached, will make NASDAQ:SUMR worth $64.40M more.

According to Zacks Investment Research, “Based in Woonsocket, Rhode Island, SUMMER INFANT, INC. is a designer, marketer and distributor of branded durable juvenile health, safety and wellness products (for ages upto three years), which are sold principally to large U.S. retailers. The Company currently sells proprietary products in a number of different categories, including nursery audio/video monitors, safety gates, durable bath products, bed rails, infant thermometers and related nursery, health and safety products, booster and potty seats, soft goods, bouncers, strollers, travel accessories, highchairs and swings.”

Insitutional Activity: The institutional sentiment decreased to 0.5 in Q2 2016. Its down 0.63, from 1.13 in 2016Q1. The ratio dived, as 6 funds sold all Summer Infant, Inc. shares owned while 4 reduced positions. 1 funds bought stakes while 4 increased positions. They now own 8.93 million shares or 1.51% less from 9.07 million shares in 2016Q1.
Commonwealth Equity Inc holds 33,782 shares or 0% of its portfolio. Walleye Trading Ltd Limited Liability Company accumulated 0% or 681 shares. Paradigm Cap Mgmt Ny accumulated 0.37% or 1.82M shares. Perkins Mgmt accumulated 0.07% or 37,500 shares. Financial Bank Of America Corp De holds 0% or 11 shares in its portfolio. The New York-based Tocqueville Asset Lp has invested 0.03% in Summer Infant, Inc. (NASDAQ:SUMR). Northern Tru Corp holds 0% of its portfolio in Summer Infant, Inc. (NASDAQ:SUMR) for 12,239 shares. Price T Rowe Assoc Md reported 24,500 shares or 0% of all its holdings. California Employees Retirement, a California-based fund reported 134,830 shares. Wynnefield has 2.46% invested in the company for 4.10 million shares. Geode Capital Mngmt Limited Liability Corp holds 73,827 shares or 0% of its portfolio. State Of New Jersey Common Pension Fund D last reported 0% of its portfolio in the stock. Raymond James And holds 141,331 shares or 0% of its portfolio. Tower Research Ltd (Trc) holds 0% of its portfolio in Summer Infant, Inc. (NASDAQ:SUMR) for 1,048 shares. First National has invested 0% of its portfolio in Summer Infant, Inc. (NASDAQ:SUMR).

Insider Transactions: Since August 5, 2016, the stock had 10 insider buys, and 1 insider sale for $1.18 million net activity. WYNNEFIELD PARTNERS SMALL CAP VALUE LP had bought 14,100 shares worth $28,522 on Wednesday, September 14. On Monday, September 12 the insider MOTE WILLIAM E JR sold $7,355.

More notable recent Summer Infant, Inc. (NASDAQ:SUMR) news were published by: Reuters.com which released: “Summer Infant recalls baby bathtubs over accident fears” on October 06, 2016, also Thestreet.com with their article: “Why Summer Infant (SUMR) Stock Is Jumping Today” published on May 14, 2014, Prnewswire.com published: “Summer Infant Pledges a SwaddleMe Original Swaddle to Every Baby Born at Women …” on October 04, 2016. More interesting news about Summer Infant, Inc. (NASDAQ:SUMR) were released by: Globenewswire.com and their article: “Summer Infant Reports Third Quarter Results” published on November 02, 2016 as well as Prnewswire.com‘s news article titled: “Former Summer Infant Executives Refute Baseless Lawsuit” with publication date: November 10, 2015.

SUMR Company Profile

Summer Infant, Inc. (Summer), incorporated on December 9, 2004, is an infant and juvenile products company. The Firm creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. The Firm operates across various marketplaces, selling its products to national retailers, as well as independent retailers, and on the Internet through third-party Websites and its own summerinfant.com Website. It also sells through international distributors, representatives and to international retail clients in geographic locations. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products. The Company’s portfolio of brands, under which it markets all of its products, includes Summer Infant, Born Free, SwaddleMe and Kiddopotamus.

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