Price Action To Observe: Is Buying Titan Machinery Inc. Here a Winning Strategy?

Price Action To Observe: Is Buying Titan Machinery Inc. Here a Winning Strategy?

The stock of Titan Machinery Inc. (NASDAQ:TITN) is a huge mover today! About 154,609 shares traded hands or 69.03% up from the average. Titan Machinery Inc. (NASDAQ:TITN) has risen 0.62% since April 27, 2016 and is uptrending. It has underperformed by 4.61% the S&P500.
The move comes after 8 months positive chart setup for the $306.50 million company. It was reported on Nov, 30 by Barchart.com. We have $14.54 PT which if reached, will make NASDAQ:TITN worth $15.33 million more.

According to Zacks Investment Research, “Titan Machinery represents a diversified mix of agricultural, construction, and consumer products dealerships located in the upper Midwest. Their Shared Resource Headquarters is located in the heart of the Red River Valley in Fargo, ND. Titan Machinery is a dealer for Case IH, Case Construction, New Holland, and New Holland Construction. Titan Machinery also represents shortline equipment to meet specialized customer demand and niche product needs.”

Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.26, from 1.34 in 2016Q1. The ratio dived, as 10 funds sold all Titan Machinery Inc. shares owned while 25 reduced positions. 11 funds bought stakes while 36 increased positions. They now own 18.03 million shares or 1.28% less from 18.26 million shares in 2016Q1.
Ameriprise Fincl last reported 146,059 shares in the company. Natl Bank Of New York Mellon Corp last reported 59,526 shares in the company. Moreover, Blackrock Lc has 0% invested in Titan Machinery Inc. (NASDAQ:TITN) for 8,600 shares. Vanguard Gru Inc holds 652,683 shares or 0% of its portfolio. Blackrock Invest Mgmt Ltd accumulated 0% or 74,440 shares. Brandywine Global Invest Management Limited Liability Corp accumulated 0.08% or 1.13 million shares. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Titan Machinery Inc. (NASDAQ:TITN). Morgan Stanley has invested 0% of its portfolio in Titan Machinery Inc. (NASDAQ:TITN). Ubs Asset Americas, a Illinois-based fund reported 12,299 shares. Federated Invsts Pa accumulated 20,900 shares or 0% of the stock. Bridgeway Mgmt Inc owns 327,400 shares or 0.06% of their US portfolio. D E Shaw & Inc holds 11,939 shares or 0% of its portfolio. First Heartland Consultants has 0.05% invested in the company for 42,050 shares. National Bank Of Montreal Can last reported 52,173 shares in the company. Eagle Boston Management Inc has invested 0.21% of its portfolio in Titan Machinery Inc. (NASDAQ:TITN).

More news for Titan Machinery Inc. (NASDAQ:TITN) were recently published by: Marketwatch.com, which released: “Titan Machinery stock price target raised to $16 from $12 at RW Baird” on October 08, 2010. Businesswire.com‘s article titled: “Titan Machinery Inc. Announces Preliminary Results for Fiscal Fourth Quarter …” and published on March 17, 2016 is yet another important article.

TITN Company Profile

Titan Machinery Inc., incorporated on December 11, 2007, owns and operates a network of agricultural and construction equipment stores in the United States and Europe. The Firm has three primary business divisions: Agriculture, Construction and International. Within its operating divisions, it engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities. The agricultural equipment it sells and services includes machinery and attachments for uses ranging from large-scale farming to home and garden purposes. The construction equipment it sells and services includes heavy construction and light industrial machinery for commercial and residential construction, road and highway construction, and mining operations. It sells new agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from a range of other manufacturers. It sells parts and provides in-store and on-site repair and maintenance services. It also rents equipment and provides ancillary services, such as equipment transportation, global positioning system (GPS) signal subscriptions, and finance and insurance products.

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