Is Buying 52-Week Stock Like Points International Ltd. (PCOM) a Winning Strategy?

June 13, 2018 - By Henry Gaston

Points International Ltd. (NASDAQ:PCOM) Logo

Investors sentiment increased to 2 in Q1 2018. Its up 0.31, from 1.69 in 2017Q4. It increased, as 6 investors sold Points International Ltd. shares while 8 reduced holdings. 12 funds opened positions while 16 raised stakes. 5.23 million shares or 1.53% more from 5.15 million shares in 2017Q4 were reported.
Prescott Group Capital Management owns 0.21% invested in Points International Ltd. (NASDAQ:PCOM) for 99,723 shares. Geode Management Ltd Limited Liability Company holds 22,022 shares. 38 are held by Toronto Dominion Bank & Trust. Wealthtrust Axiom Ltd Liability Corp has invested 2.88% in Points International Ltd. (NASDAQ:PCOM). Gluskin Sheff And Assocs accumulated 11,454 shares. Cannell Cap Limited Liability Company stated it has 1.67% of its portfolio in Points International Ltd. (NASDAQ:PCOM). Royal Savings Bank Of Canada invested in 0% or 11,470 shares. Pub Employees Retirement Systems Of Ohio reported 4,472 shares stake. 351,096 are owned by Rice Hall James Associates Ltd Company. Hillsdale Investment Management Inc holds 0.15% or 112,300 shares. Renaissance Technology Ltd Co stated it has 676,200 shares. Deutsche National Bank & Trust Ag has invested 0% in Points International Ltd. (NASDAQ:PCOM). Jpmorgan Chase Communication accumulated 22,984 shares or 0% of the stock. Morgan Stanley holds 0% of its portfolio in Points International Ltd. (NASDAQ:PCOM) for 19,753 shares. Harber Asset Limited Liability has 152,835 shares.

The stock of Points International Ltd. (NASDAQ:PCOM) hit a new 52-week high and has $15.08 target or 3.00 % above today’s $14.64 share price. The 7 months bullish chart indicates low risk for the $210.93M company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $15.08 price target is reached, the company will be worth $6.33 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.

The stock decreased 1.21% or $0.18 during the last trading session, reaching $14.64. About 109,897 shares traded or 49.67% up from the average. Points International Ltd. (NASDAQ:PCOM) has risen 32.87% since June 13, 2017 and is uptrending. It has outperformed by 20.30% the S&P500.

More news for Points International Ltd. (NASDAQ:PCOM) were recently published by: Nasdaq.com, which released: “Points International to Present at the 46th Annual Cowen Technology, Media & Telecom Conference on May 30, 2018” on May 22, 2018. Nasdaq.com‘s article titled: “KrisFlyer Partners With Points to Expand Redemption Options for Frequent Flyer Programme” and published on May 22, 2018 is yet another important article.

Points International Ltd. provides e-commerce and technology services to loyalty program operators in the United States, Canada, Europe, and internationally. The company has market cap of $210.93 million. The firm offers various white label or private branded e-commerce services, including online sale of loyalty currency direct to program members in order for the members to top-up their accounts to reach a redemption threshold or as a gift for friends and family members; and the online transfer of pre-existing loyalty currency from one member into another member's account, primarily a family member or friend, as another means of enabling that other member to accumulate sufficient miles or points to reach a redemption threshold. It has a 45.05 P/E ratio. It also operates Points Loyalty Wallet, a set of platform capabilities accessible through application program interfaces that enable loyalty programs, merchants, and other businesses to embed balance tracking and loyalty commerce transactions into their product offerings, and allow users to track, manage, and access multiple loyalty rewards programs.

Points International Ltd. (NASDAQ:PCOM) Institutional Positions Chart

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