Price Action Don’t Lie: Will Crawford & Company Run Out of Steam Soon?

Price Action Don't Lie: Will Crawford & Company Run Out of Steam Soon?

The stock of Crawford & Company (NYSE:CRD.B) hit a new 52-week high and has $15.79 target or 20.00% above today’s $13.16 share price. The 6 months bullish chart indicates low risk for the $644.04 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $15.79 price target is reached, the company will be worth $128.81M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 38,596 shares traded hands. Crawford & Company (NYSE:CRD.B) has risen 106.66% since April 15, 2016 and is uptrending. It has outperformed by 102.03% the S&P500.

According to Zacks Investment Research, “CRAWFORD & CO. is a worldwide diversified services firm organized which provides claims services, risk management services, disability managment, risk control services and risk management information services to insurance companies, self-insured corporations and governmental entities.”

More news for Crawford & Company (NYSE:CRD.B) were recently published by: Globenewswire.com, which released: “Crawford & Company® Names Hilton Sturisky CIO” on November 04, 2016. Seekingalpha.com‘s article titled: “Crawford & Company’s (CRD.B) CEO Harsha Agadi on Q3 2016 Results – Earnings …” and published on November 08, 2016 is yet another important article.

CRD.B Company Profile

Crawford & Company (Crawford), incorporated on May 21, 1943, is an independent well-known provider of claims management solutions to the risk management and insurance industry, as well as to self-insured entities. The Company’s Crawford Solution offers claims services, business process outsourcing and consulting services for various product lines, including property and casualty claims management; workers’ compensation claims and medical management, and legal settlement administration. Crawford conducts its activities through four divisions: U.S. Services, which primarily serves the property and casualty insurance firm markets in the United States; International, which serves the property and casualty insurance company, and self-insurance markets outside the United States; Broadspire, which serves the self-insurance marketplace, primarily in the United States, and Garden City Group, which serves the class action, regulatory, mass tort, bankruptcy and other legal settlement markets, primarily in the United States.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment