Today’s Price Action: Can Points International Ltd (USA)’s Tomorrow be Different? The Stock Just Broke Its 1 Year Low

Today's Price Action: Can Points International Ltd (USA)'s Tomorrow be Different? The Stock Just Broke Its 1 Year Low

The stock of Points International Ltd (USA) (NASDAQ:PCOM) hit a new 52-week low and has $6.05 target or 12.00% below today’s $6.87 share price. The 9 months bearish chart indicates high risk for the $104.64 million company. The 1-year low was reported on Nov, 10 by Barchart.com. If the $6.05 price target is reached, the company will be worth $12.56 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 1.29% or $0.09 during the last trading session, hitting $6.87. About 26,204 shares traded hands. Points International Ltd (USA) (NASDAQ:PCOM) has declined 23.43% since April 8, 2016 and is downtrending. It has underperformed by 29.08% the S&P500.

According to Zacks Investment Research, “Points International Ltd. provides a range of e-commerce and technology services to loyalty program operators. It is the owner and operator of Points.com, the world’s leading reward program management Web site. Points.com is an online loyalty program management portal, where consumers can earn, buy, gift, share, swap and redeem miles and points with some of the loyalty programs and retail partners. Developed in partnership with Travelocity, Book with Points is a service, which allows consumers to search for, book and then directly pay for travel reservations using a mix of loyalty currency and cash with no blackout dates or capacity controls. The company has client or strategic operating relationships with the world’s leading loyalty programs. Participating programs include American Airlines AAdvantage program, Aeroplan, AsiaMiles, British Airways Executive Club, Wyndham Rewards, Delta SkyMiles and InterContinental Hotels Group’s Priority Club Rewards. Redemption partners include Amazon.com and Starbucks.”

Insitutional Activity: The institutional sentiment increased to 0.83 in 2016 Q2. Its up 0.11, from 0.72 in 2016Q1. The ratio increased, as 5 funds sold all Points International Ltd (USA) shares owned while 7 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 6.02 million shares or 3.72% less from 6.25 million shares in 2016Q1.
Fmr Limited Liability Company holds 0% of its portfolio in Points International Ltd (USA) (NASDAQ:PCOM) for 203,681 shares. Royal Savings Bank Of Canada holds 0% of its portfolio in Points International Ltd (USA) (NASDAQ:PCOM) for 1,480 shares. Td Asset Mgmt owns 152,564 shares or 0% of their US portfolio. Wealthtrust Axiom Ltd Liability Corp last reported 686,898 shares in the company. Hillsdale Inv Mngmt accumulated 67,900 shares or 0.18% of the stock. Deutsche Bank & Trust Ag holds 0% or 99,558 shares in its portfolio. Cannell Cap Ltd holds 853,315 shares or 3.14% of its portfolio. Susquehanna Interest Gp Ltd Liability Partnership has invested 0% of its portfolio in Points International Ltd (USA) (NASDAQ:PCOM). Wfg Advisors L P holds 254 shares or 0% of its portfolio. Renaissance Tech Ltd Liability has 0% invested in the company for 285,002 shares. Bank Of New York Mellon reported 49,612 shares or 0% of all its holdings. The Connecticut-based Manatuck Hill Partners Limited Liability has invested 0.49% in Points International Ltd (USA) (NASDAQ:PCOM). Da Davidson & last reported 1,350 shares in the company. National Bank Of Montreal Can accumulated 0% or 3,500 shares. Montrusco Bolton Investments last reported 0.35% of its portfolio in the stock.

More important recent Points International Ltd (USA) (NASDAQ:PCOM) news were published by: Benzinga.com which released: “Benzinga’s Top Initiations” on November 09, 2016, also Nasdaq.com published article titled: “Mid-Afternoon Market Update: Crude Oil Down 2%; Metaldyne Performance Group …”, Usatoday.com published: “Eight reasons to collect Southwest Rapid Rewards points” on March 24, 2016. More interesting news about Points International Ltd (USA) (NASDAQ:PCOM) was released by: Usatoday.com and their article: “Dow slammed again on ‘Brexit Blues,’ drops 260 points” with publication date: June 27, 2016.

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