The stock of NIB Holdings Limited (ASX:NHF) reached all time high today, Nov, 22 and still has $5.18 target or 6.00% above today’s $4.89 share price. This indicates more upside for the $2.15 billion company. This technical setup was reported by Barchart.com. If the $5.18 PT is reached, the company will be worth $129.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 0.20% or $0.01 on November 22, hitting $4.89. About 791,234 shares traded hands or 138.87% up from the average. NIB Holdings Limited (ASX:NHF) has risen 11.14% since April 26, 2016 and is uptrending. It has outperformed by 6.58% the S&P500.
More notable recent NIB Holdings Limited (ASX:NHF) news were published by: Fool.com.Au which released: “Market takes axe to NIB Holdings Limited share price: Here’s why” on August 22, 2016, also Fool.com.Au with their article: “Why the NIB Holdings Limited share price is soaring” published on November 04, 2015, Fool.com.Au published: “Shares in NIB Holdings Limited & Medibank Private Ltd could be about to fall” on November 02, 2016. More interesting news about NIB Holdings Limited (ASX:NHF) were released by: Fool.com.Au and their article: “Why the NIB Holdings Limited and Medibank Private Ltd share prices skyrocketed …” published on April 21, 2016 as well as Fool.com.Au‘s news article titled: “NIB Holdings Limited shares soar 8% on profit result” with publication date: February 22, 2016.
nib holdings limited operates as a private health insurer for Australian residents, New Zealand residents, and international visitors and students to Australia. The company has a market cap of $2.15 billion. The Firm operates through the divisions, including Australian Residents Health Insurance, which operates within the Australian private health insurance industry; New Zealand Residents Health Insurance, which operates within the New Zealand private health insurance industry; International Health Insurance, which include the Company’s health insurance products for international students and workers, World Nomads Group, which is engaged in distribution of travel insurance products, and nib Options, which enables access to cosmetic and dental treatment for both overseas and also in Australia. It has a 23.12 P/E ratio.
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