The stock of ACCO Brands Corporation (NYSE:ACCO) hit a new 52-week high and has $16.24 target or 40.00% above today’s $11.60 share price. The 8 months bullish chart indicates low risk for the $1.26 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $16.24 price target is reached, the company will be worth $504.00 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 441,096 shares traded hands. ACCO Brands Corporation (NYSE:ACCO) has risen 27.60% since April 7, 2016 and is uptrending. It has outperformed by 22.82% the S&P500.
According to Zacks Investment Research, “ACCO Brands Corporation is a world leader in branded office products. Its industry-leading brands include Swingline, Kensington, Wilson Jones, Quartet, GBC, and Day-Timer, among others. Under the GBC brand, the Company is also a leader in the professional printing market.”
More notable recent ACCO Brands Corporation (NYSE:ACCO) news were published by: Prnewswire.com which released: “ACCO Brands Corporation To Acquire Esselte Group Holdings AB” on October 24, 2016, also Reuters.com with their article: “BRIEF-Acco Brands Corporation to acquire Esselte Group Holdings AB” published on October 24, 2016, Prnewswire.com published: “ACCO Brands Corporation Reports Second Quarter 2016 Results” on August 02, 2016. More interesting news about ACCO Brands Corporation (NYSE:ACCO) were released by: Prnewswire.com and their article: “ACCO Brands Corporation Reports Fourth Quarter 2015 Results” published on February 10, 2016 as well as Prnewswire.com‘s news article titled: “ACCO Brands Corporation To Acquire Remaining 50% Of Its Australian Joint …” with publication date: March 21, 2016.
ACCO Company Profile
ACCO Brands Corporation, incorporated on October 26, 1970, is a maker and marketer of office, school and calendar products, and select computer and electronic accessories. The Firm sells its products to clients and commercial end users primarily through resellers, including traditional office supply resellers, wholesalers and retailers, including online retailers. The Firm operates through three divisions: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Firm sells its products primarily to markets located in the United States, Northern Europe, Brazil, Canada, Australia and Mexico.
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