The stock of Pinnacle Investment Management Group Ltd (ASX:PNI) reached all time high today, Nov, 14 and still has $5.49 target or 145.00% above today’s $2.24 share price. This indicates more upside for the $331.91M company. This technical setup was reported by Barchart.com. If the $5.49 PT is reached, the company will be worth $481.27 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 3.45% or $0.08 on November 14, hitting $2.24. Pinnacle Investment Management Group Ltd (ASX:PNI) has risen 135.79% since April 18, 2016 and is uptrending. It has outperformed by 130.81% the S&P500.
Another recent and important Pinnacle Investment Management Group Ltd (ASX:PNI) news was published by Foodbusinessnews.net which published an article titled: “Pinnacle Foods expands leadership team” on October 27, 2016.
Pinnacle Investment Management Group Limited, formerly Wilson Group Limited, is a multi-affiliate investment management company. The company has a market cap of $331.91 million. The Firm operates through two divisions, including Pinnacle and Wilson Group. It has a 43.36 P/E ratio. The Company’s Pinnacle segment is engaged in developing and operating funds management business, and providing distribution services, business support and responsible entity services to the Pinnacle Boutiques and external parties.
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