Today’s Price Action: What’s Ahead for Franklin Covey Co. After Reaching 52-Week High?

Today's Price Action: What's Ahead for Franklin Covey Co. After Reaching 52 Week High?

The stock of Franklin Covey Co. (NYSE:FC) hit a new 52-week high and has $22.66 target or 3.00% above today’s $22.00 share price. The 6 months bullish chart indicates low risk for the $310.93M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $22.66 price target is reached, the company will be worth $9.33 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. About 73,043 shares traded hands or 61.19% up from the average. Franklin Covey Co. (NYSE:FC) has risen 34.38% since April 20, 2016 and is uptrending. It has outperformed by 29.82% the S&P500.

Franklin Covey Co. (NYSE:FC) Ratings Coverage

Out of 3 analysts covering Franklin Covey Company (NYSE:FC), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Franklin Covey Company has been the topic of 3 analyst reports since November 5, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, November 5 by Roth Capital. As per Thursday, November 5, the company rating was downgraded by William Blair. The rating was maintained by TH Capital on Thursday, November 5 with “Buy”.

According to Zacks Investment Research, “Franklin Covey Co. is an international learning and performance solutions company dedicated to increasing the effectiveness of individuals and organizations. They provide consulting services, training and education programs, educational materials, publications, assessment and measurement tools, implementation processes, application tools and products designed to empower individuals and organizations to become more effective.”

Insitutional Activity: The institutional sentiment increased to 1.14 in Q2 2016. Its up 0.28, from 0.86 in 2016Q1. The ratio increased, as 4 funds sold all Franklin Covey Co. shares owned while 25 reduced positions. 8 funds bought stakes while 17 increased positions. They now own 7.64 million shares or 2.51% less from 7.84 million shares in 2016Q1.
Morgan Stanley last reported 0% of its portfolio in the stock. Interest Group Incorporated owns 5,880 shares or 0% of their US portfolio. Moreover, Mufg Americas has 0% invested in Franklin Covey Co. (NYSE:FC) for 335 shares. Teachers Advsrs last reported 16,948 shares in the company. Renaissance Technologies Limited Liability Com has 0% invested in the company for 67,200 shares. Blackrock Advsrs Limited Liability last reported 5,836 shares in the company. Nationwide Fund Advsr has 0% invested in the company for 10,406 shares. Strs Ohio has 37,600 shares for 0% of their US portfolio. Pnc Financial Ser Gp holds 106 shares or 0% of its portfolio. Deutsche Bancorporation Ag reported 2,021 shares or 0% of all its holdings. Blackrock Invest Management Ltd Liability has 0% invested in the company for 43,285 shares. Manufacturers Life Com The has 8,285 shares for 0% of their US portfolio. Lapides Asset Mngmt Limited Liability Company has 0.14% invested in the company for 48,300 shares. Menta Capital Ltd Llc has 23,593 shares for 0.05% of their US portfolio. California State Teachers Retirement Systems last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 8 sales for $277,468 net activity. Another trade for 1,792 shares valued at $27,514 was made by PETERSON JOEL CLINTON on Tuesday, June 7.

More important recent Franklin Covey Co. (NYSE:FC) news were published by: Businesswire.com which released: “Franklin Covey Co. Announces Launch of New FranklinCovey China, Company’s …” on November 16, 2016, also Quotes.Wsj.com published article titled: “News Franklin Covey Co.FC”, Businesswire.com published: “FranklinCovey’s Chris McChesney, #1 Wall Street Journal Bestselling Author of …” on November 14, 2016. More interesting news about Franklin Covey Co. (NYSE:FC) was released by: Businesswire.com and their article: “Franklin Covey Co. Named to 2016 Top 20 Leadership Training Companies List by …” with publication date: February 10, 2016.

FC Company Profile

Franklin Covey Co. (FranklinCovey), incorporated on December 2, 1983, is engaged in performance improvement. The Firm operates in seven areas: Leadership, Execution, Productivity, Trust, Sales Performance, Customer Loyalty, and Education. The Firm operates globally with one common brand. The Firm also provides clients with training in management skills, relationship skills and individual effectiveness. The Firm provides personal-effectiveness literature and electronic educational solutions to its clients. The Company’s practices are designed to provide content and delivery, including books and recognized thought leadership, multiple deliveries and teaching methods, a practice-centric focused sales force, and practice-specific marketing support.

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