The stock of Pinnacle Investment Management Group Ltd (ASX:PNI) hit a new 52-week high and has $7.76 target or 194.00% above today’s $2.64 share price. The 8 months bullish chart indicates low risk for the $391.18M company. The 1-year high was reported on Nov, 18 by Barchart.com. If the $7.76 price target is reached, the company will be worth $758.89 million 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. The stock increased 3.94% or $0.1 on November 18, hitting $2.64. About 284,653 shares traded hands or 268.97% up from the average. Pinnacle Investment Management Group Ltd (ASX:PNI) has risen 177.89% since April 22, 2016 and is uptrending. It has outperformed by 173.46% the S&P500.
More news for Pinnacle Investment Management Group Ltd (ASX:PNI) were recently published by: Foodbusinessnews.net, which released: “Pinnacle Foods expands leadership team” on October 27, 2016. Time.com‘s article titled: “What Should You Do With Your Money Now That Trump Has Won? Stick to Your Plan” and published on November 15, 2016 is yet another important article.
Pinnacle Investment Management Group Limited, formerly Wilson Group Limited, is a multi-affiliate investment management company. The company has a market cap of $391.18 million. The Firm operates through two divisions, including Pinnacle and Wilson Group. It has a 51.1 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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