Today’s Market Runner: What’s CLARCOR Inc. Upside After Touching Record High?

Today's Market Runner: What's CLARCOR Inc. Upside After Touching Record High?

The stock of CLARCOR Inc. (NYSE:CLC) reached all time high today, Nov, 14 and still has $89.51 target or 29.00% above today’s $69.39 share price. This indicates more upside for the $3.42 billion company. This technical setup was reported by Barchart.com. If the $89.51 PT is reached, the company will be worth $991.80 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. About 187,239 shares traded hands. CLARCOR Inc. (NYSE:CLC) has risen 20.80% since April 12, 2016 and is uptrending. It has outperformed by 15.82% the S&P500.

CLARCOR Inc. (NYSE:CLC) Ratings Coverage

Out of 3 analysts covering CLARCOR (NYSE:CLC), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. CLARCOR has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Tuesday, September 22 the stock rating was downgraded by Zacks to “Sell”. The company was downgraded on Tuesday, September 22 by TheStreet. The stock has “Neutral” rating given by Robert W. Baird on Friday, September 18. The rating was maintained by Robert W. Baird with “Neutral” on Friday, September 16. The stock has “Sell” rating given by Zacks on Wednesday, August 12. Zacks downgraded CLARCOR Inc. (NYSE:CLC) on Tuesday, August 18 to “Hold” rating. As per Monday, August 31, the company rating was upgraded by Zacks.

According to Zacks Investment Research, “Clarcor Inc. is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets.”

Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.49, from 1.3 in 2016Q1. The ratio turned negative, as 25 funds sold all CLARCOR Inc. shares owned while 87 reduced positions. 22 funds bought stakes while 69 increased positions. They now own 41.60 million shares or 7.20% less from 44.83 million shares in 2016Q1.
Eagle Asset Mgmt last reported 0.03% of its portfolio in the stock. Susquehanna Gp Llp holds 0% of its portfolio in CLARCOR Inc. (NYSE:CLC) for 7,355 shares. Hall Laurie J Trustee accumulated 100 shares or 0% of the stock. Mondrian Inv Prtnrs holds 0.06% or 41,405 shares in its portfolio. Segall Bryant Hamill Limited Co accumulated 19,658 shares or 0.03% of the stock. Moreover, Citigroup Inc has 0% invested in CLARCOR Inc. (NYSE:CLC) for 10,790 shares. Trexquant Investment L P accumulated 7,674 shares or 0.06% of the stock. Dimensional Fund Advsrs Ltd Partnership has 0.04% invested in the company for 1.12M shares. The Louisiana-based Louisiana State Employees Retirement Sys has invested 0.04% in CLARCOR Inc. (NYSE:CLC). Moreover, Bancshares Of New York Mellon has 0.03% invested in CLARCOR Inc. (NYSE:CLC) for 1.53 million shares. High Point Commercial Bank Tru last reported 234 shares in the company. Diam Limited has 52,924 shares for 0.05% of their US portfolio. Swiss Bank & Trust last reported 0.01% of its portfolio in the stock. Jpmorgan Chase Com reported 33,676 shares or 0% of all its holdings. Td Asset owns 15,893 shares or 0% of their US portfolio.

Insider Transactions: Since July 8, 2016, the stock had 0 insider buys, and 5 insider sales for $4.97 million net activity. Conway Christopher sold 1,500 shares worth $93,270. LINDSAY DAVID J sold $2.73 million worth of stock. The insider BURGSTAHLER ROBERT J sold $465,000. Shares for $1.55 million were sold by Fallon David Joseph on Tuesday, July 12.

More notable recent CLARCOR Inc. (NYSE:CLC) news were published by: Marketwatch.com which released: “Clarcor downgraded to neutral from outperform at RW Baird” on December 21, 2009, also Fool.com with their article: “Why CLARCOR Inc.’s Shares Plunged 16% Today” published on September 17, 2015, Forbes.com published: “Ex-Dividend Reminder: PNC Financial Services Group, BankUnited and Clarcor” on October 11, 2016. More interesting news about CLARCOR Inc. (NYSE:CLC) were released by: Nasdaq.com and their article: “CLARCOR Inc. (CLC) Ex-Dividend Date Scheduled for October 13, 2016” published on October 12, 2016 as well as Businesswire.com‘s news article titled: “CLARCOR Divests Packaging Subsidiary J.L. Clark, Inc.” with publication date: June 29, 2015.

CLC Company Profile

CLARCOR Inc., incorporated on March 3, 1969, which provides filtration products, filtration systems and services, and consumer and industrial packaging products. The Company’s divisions include Engine/Mobile Filtration and Industrial/Environmental Filtration.

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