Price Change to Note: Could Daktronics, Inc. See a Reversal After This Very Strong Session?

Price Change to Note: Could Daktronics, Inc. See a Reversal After This Very Strong Session?

The stock of Daktronics, Inc. (NASDAQ:DAKT) is a huge mover today! About 442,429 shares traded hands or 208.30% up from the average. Daktronics, Inc. (NASDAQ:DAKT) has risen 10.19% since April 20, 2016 and is uptrending. It has outperformed by 5.63% the S&P500.
The move comes after 9 months positive chart setup for the $441.13 million company. It was reported on Nov, 22 by Barchart.com. We have $10.33 PT which if reached, will make NASDAQ:DAKT worth $17.65M more.

According to Zacks Investment Research, “Daktronics Inc. has strong leadership positions in, and is one of the world’s largest suppliers of, electronic scoreboards, computer-programmable displays, and large screen video displays and control systems. The company excels in the control of large display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in sport, business and transportation applications.”

Insitutional Activity: The institutional sentiment increased to 2.05 in Q2 2016. Its up 0.99, from 1.06 in 2016Q1. The ratio is positive, as 14 funds sold all Daktronics, Inc. shares owned while 37 reduced positions. 16 funds bought stakes while 38 increased positions. They now own 19.32 million shares or 15.25% less from 22.80 million shares in 2016Q1.
Panagora Asset Mngmt accumulated 3,928 shares or 0% of the stock. Mondrian Investment Partners Ltd has invested 0.07% of its portfolio in Daktronics, Inc. (NASDAQ:DAKT). Credit Suisse Ag last reported 0% of its portfolio in the stock. Susquehanna Gp Ltd Liability Partnership has invested 0% of its portfolio in Daktronics, Inc. (NASDAQ:DAKT). Blackrock Fund Advsr accumulated 0% or 2.55M shares. Blackrock Inc reported 10,868 shares or 0% of all its holdings. Swiss State Bank holds 0% of its portfolio in Daktronics, Inc. (NASDAQ:DAKT) for 57,600 shares. First Manhattan Co last reported 140 shares in the company. Capstone Asset Management Comm has 0% invested in the company for 16,270 shares. Btc Capital Mgmt holds 0.03% of its portfolio in Daktronics, Inc. (NASDAQ:DAKT) for 20,344 shares. Lsv Asset Management holds 0% or 161,500 shares in its portfolio. Moreover, Employees Retirement Association Of Colorado has 0% invested in Daktronics, Inc. (NASDAQ:DAKT) for 23,627 shares. Ridgeworth Cap Mngmt Ltd has invested 0.09% of its portfolio in Daktronics, Inc. (NASDAQ:DAKT). Pub Sector Pension Board holds 0% or 26,599 shares in its portfolio. Us State Bank De has 1,300 shares for 0% of their US portfolio.

Insider Transactions: Since June 28, 2016, the stock had 2 insider buys, and 0 insider sales for $74,248 net activity. On Tuesday, July 5 the insider McDermott Kevin Patrick bought $12,200. 10,000 shares with value of $62,048 were bought by Kurtenbach Reece A on Tuesday, June 28.

More important recent Daktronics, Inc. (NASDAQ:DAKT) news were published by: Fool.com which released: “Daktronics, Inc. Stock Up 19% on Earnings: Here’s What You Need to Know” on August 23, 2016, also Fool.com published article titled: “Why Shares of Daktronics Inc. Tumbled Today”, Marketwatch.com published: “/quotes/zigman/3870025/realtime” on October 10, 2010. More interesting news about Daktronics, Inc. (NASDAQ:DAKT) was released by: Fool.com and their article: “Daktronics, Inc. Is Not a Stock for the Impatient” with publication date: November 24, 2015.

DAKT Company Profile

Daktronics, Inc., incorporated on December 9, 1968, is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Firm operates through five divisions: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The Firm serves its clients by providing standard display products, as well as custom-designed and integrated systems. The Firm offers a range of products, from small scoreboards and electronic displays to video display systems, as well as related control, timing and sound systems. It designs, markets, makes, installs and services integrated systems displaying real-time data, graphics, animation and video.

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