The stock of APN News and Media Limited (ASX:APN) hit a new 52-week low and has $2.29 target or 7.00% below today’s $2.46 share price. The 5 months bearish chart indicates high risk for the $867.38M company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $2.29 price target is reached, the company will be worth $60.72 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 2.38% or $0.06 on November 14, hitting $2.46. APN News and Media Limited (ASX:APN) has risen 160.92% since April 18, 2016 and is uptrending. It has outperformed by 155.93% the S&P500.
More notable recent APN News and Media Limited (ASX:APN) news were published by: Reuters.com which released: “BRIEF-APN News & Media Ltd seeks trading halt” on October 24, 2016, also Fool.com.Au with their article: “Why the APN News and Media Limited share price crashed today” published on October 27, 2016, Fool.com.Au published: “Why APN News and Media Limited and Fairfax Media Limited NZ are set to merge” on May 10, 2016. More interesting news about APN News and Media Limited (ASX:APN) were released by: Fool.com.Au and their article: “Should you buy APN News and Media Limited at this share price?” published on October 13, 2016 as well as Moodys.com‘s news article titled: “Moody’s changes APN News and Media’s Outlook to Stable; Ba2 rating affirmed” with publication date: July 20, 2015.
APN News & Media Limited is an Australia media, entertainment and technology firm with assets in Australia, New Zealand and Hong Kong. The company has a market cap of $867.38 million. The Company’s divisions include New Zealand Media Entertainment Publishing, NZME Radio, GrabOne, Australian Regional Media (ARM), Australian Radio Network and Outdoor. It currently has negative earnings. The Company’s NZME Publishing segment offers newspaper, magazine, online publishing and events.
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