The stock of Hollywood Bowl Group PLC (LON:BOWL) reached all time low today, Nov, 17 and still has GBX 143.51 target or 11.00% below today’s GBX 161.25 share price. This indicates more downside for the GBX 241.88 million company. This technical setup was reported by Barchart.com. If the GBX 143.51 PT is reached, the company will be worth GBX 26.61 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 1.45% or GBX 2.38 on November 17, hitting GBX 161.25. About 46,983 shares traded hands. Hollywood Bowl Group PLC (LON:BOWL) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
Another recent and important Hollywood Bowl Group PLC (LON:BOWL) news was published by Reuters.com which published an article titled: “BRIEF-Electra Partners announces 266 mln stg IPO of Hollywood Bowl” on September 16, 2016.
Hollywood Bowl Group plc is a United Kingdom ten-pin bowling operator. The company has a market cap of 241.88 million GBP. The Firm is engaged in operating various bowling centers, located on out of town multi-use leisure parks and retail parks, with all of the centers being occupied by the Company on a leasehold basis. It has a 39.55 P/E ratio. The Company’s centers are designed to offer a family entertainment experience with each center offering over 16 bowling lanes, on-site dining, licensed bars and family games arcades.
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