Price Action Report: What’s in Blucora Inc After Touching 52-Week High?

Price Action Report: What's in Blucora Inc After Touching 52 Week High?

The stock of Blucora Inc (NASDAQ:BCOR) hit a new 52-week high and has $19.82 target or 49.00% above today’s $13.30 share price. The 5 months bullish chart indicates low risk for the $529.84 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $19.82 price target is reached, the company will be worth $259.62 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 186,481 shares traded hands. Blucora Inc (NASDAQ:BCOR) has risen 167.89% since April 5, 2016 and is uptrending. It has outperformed by 165.94% the S&P500.

Blucora Inc (NASDAQ:BCOR) Ratings Coverage

Out of 4 analysts covering Blucora (NASDAQ:BCOR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Blucora has been the topic of 8 analyst reports since August 22, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Benchmark on Tuesday, February 16. The firm has “Buy” rating given on Friday, April 29 by Craig Hallum. The firm earned “Buy” rating on Saturday, August 22 by Benchmark. The stock has “Buy” rating given by Benchmark on Monday, August 24. Wedbush maintained Blucora Inc (NASDAQ:BCOR) rating on Friday, February 12. Wedbush has “Outperform” rating and $10 price target. Barrington Research upgraded Blucora Inc (NASDAQ:BCOR) rating on Monday, May 2. Barrington Research has “Outperform” rating and $10 price target. The firm earned “Outperform” rating on Friday, October 28 by Barrington Research.

According to Zacks Investment Research, “Blucora, Inc. is engaged in providing internet-based solutions for consumers and business partners. It owns and operates two Internet businesses. Blucora’s InfoSpace business provides online search and monetization solutions. The Company’s TaxACT business provides online tax preparation solutions to consumers and professional preparers. Blucora, Inc., formerly known as InfoSpace, Inc., is headquartered in Bellevue, Washington.”

More important recent Blucora Inc (NASDAQ:BCOR) news were published by: Fool.com which released: “Why Blucora Inc. Shares Jumped 24% Today” on April 28, 2016, also Wsj.com published article titled: “Blucora to Buy HD Vest for $580 Million”, Prnewswire.com published: “HD Vest Announces Agreement to be Acquired by Blucora, Inc.” on October 14, 2015. More interesting news about Blucora Inc (NASDAQ:BCOR) was released by: Streetinsider.com and their article: “Blucora, Inc. (BCOR) Tops Q3 EPS by 12c” with publication date: October 27, 2016.

BCOR Company Profile

Blucora, Inc., incorporated on April 9, 1996, is a well-known provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Firm operates through two divisions: the Wealth Management, which consists of the HD Vest, Inc. (HD Vest) business, and the Tax Preparation, which consists of the TaxAct, Inc. (TaxAct) business. HD Vest provides wealth management solutions for financial advisors. TaxAct provides digital tax preparation solutions for consumers, small business owners and tax professionals.

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