Stock News

GWG Holdings, Inc. (GWGH) Stock Formed Multiple Bottom. What To Expect?

Investors sentiment increased to Infinity in 2018 Q2. Its up Infinity, from 0 in 2018Q1. It improved, as 0 investors sold GWG Holdings, Inc. shares while 0 reduced holdings. 2 funds opened positions while 0 raised stakes. 2,082 shares or 471.98% more from 364 shares in 2018Q1 were reported.
Blackrock Incorporated accumulated 0% or 364 shares. Sei Investments reported 675 shares or 0% of all its holdings. Bank Of America De has 0% invested in GWG Holdings, Inc. (NASDAQ:GWGH).

The stock of GWG Holdings, Inc. (GWGH) shows a multiple bottoms pattern with $5.66 target or 4.00 % below today’s $5.90 share price. The 7 months chart pattern indicates high risk for the $34.30M company. It was reported on Nov, 10 by Finviz.com. If the $5.66 price target is reached, the company will be worth $1.37 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.34% or $0.02 during the last trading session, reaching $5.9. About 432 shares traded. GWG Holdings, Inc. (NASDAQ:GWGH) has declined 4.15% since November 10, 2017 and is downtrending. It has underperformed by 19.77% the S&P500.

More recent GWG Holdings, Inc. (NASDAQ:GWGH) news were published by: Bloomberg.com which released: “YouSurance Uses Epigenetics To Predict Life Expectancy (Radio)” on November 06, 2018. Also Nasdaq.com published the news titled: “Jon Sabes, CEO of YouSurance, Presented at Plug and Play Event about Insurtech and Health Data” on October 18, 2018. Globenewswire.com‘s news article titled: “GWG Holdings to Report Third Quarter 2018 Financial Results on November 13, 2018” with publication date: October 30, 2018 was also an interesting one.

GWG Holdings, Inc., a financial services company, purchases life insurance policies in the secondary market in the United States. The company has market cap of $34.30 million. It purchases or finances life insurance assets from clients in the secondary market at a discount to the face value of the policy benefit. It currently has negative earnings. The firm also purchases policies in the secondary market through financial advisors and life insurance agents, as well as through its appointed agent program.

GWG Holdings, Inc. (NASDAQ:GWGH) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*