The stock of Polar Capital Holdings plc (LON:POLR) gapped down by GBX 0.125 today and has GBX 257.84 target or 8.00% below today’s GBX 280.26 share price. The 9 months technical chart setup indicates high risk for the GBX 256.05M company. The gap down was reported on Nov, 24 by Barchart.com. If the GBX 257.84 price target is reached, the company will be worth GBX 20.48 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 1.49% or GBX 4.24 on November 24, hitting GBX 280.26. About 15,467 shares traded hands. Polar Capital Holdings plc (LON:POLR) has declined 19.24% since April 27, 2016 and is downtrending. It has underperformed by 24.65% the S&P500.
Polar Capital Holdings plc (LON:POLR) Ratings Coverage
Out of 6 analysts covering Polar Capital Holdings PLC (LON:POLR), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Polar Capital Holdings PLC has been the topic of 40 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Thursday, January 14 the stock rating was downgraded by Numis Securities to “Reduce”. As per Monday, October 12, the company rating was maintained by Canaccord Genuity. The stock of Polar Capital Holdings plc (LON:POLR) earned “Add” rating by Peel Hunt on Thursday, July 14. The firm earned “Buy” rating on Friday, December 11 by Shore Capital. The stock of Polar Capital Holdings plc (LON:POLR) has “Hold” rating given on Friday, December 11 by Numis Securities. The rating was maintained by Peel Hunt with “Buy” on Monday, December 7. Numis Securities maintained the stock with “Reduce” rating in Tuesday, August 4 report. The firm earned “Buy” rating on Friday, June 24 by Shore Capital. The firm has “Hold” rating by Panmure Gordon given on Thursday, April 14. Numis Securities maintained Polar Capital Holdings plc (LON:POLR) rating on Wednesday, October 5. Numis Securities has “Hold” rating and GBX 310 price target.
Polar Capital Holdings plc is an investment management company. The company has a market cap of 256.05 million GBP. The Firm is engaged in the provision of investment management and advisory services. It has a 13.92 P/E ratio. The Firm offers professional and institutional investors a range of geographical and sector investment opportunities.
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