Potential Investment Options? Finish Line Inc (FINL), SkyWest, Inc. (SKYW) and Unit Corporation (UNT)
New York, NY – GDP INSIDER – 05/08/2014.
This article discusses three companies: Finish Line Inc (NASDAQ:FINL), SkyWest, Inc. (NASDAQ:SKYW) and Unit Corporation (NYSE:UNT)
Finish Line Inc (NASDAQ:FINL) continued its recent upward trend yesterday with the stock gaining 3.63% or $0.92 to finish the day at $26.23 on higher than average trading volume of 1.576 million, compared with its three month average trading volume of 0.784 million. The stock started to climb yesterday after analysts at Janney upgraded their rating on the stock from ‘neutral’ to ‘buy’ and boosted their price target from $26 to $30 per share. The shares are down by 5.06% over the past one year but are up over 8% year to date. With RSI at 65.71 and diverging MACD it may continue to climb, but it is unclear by how much making it a hold.
SkyWest, Inc. (NASDAQ:SKYW) recovered yesterday with the stock closing up 4.36% or $0.67 to finish the day at $16.05 with more than 0.0.686 million shares changing hands, compared to its three month average trading volume of 0.503 million and remained towards the upper end of its one year range of $6.97 to $16.46. The stock climbed after the company’s board of directors declared a quarterly dividend of four cents per share to be paid on July 7 and payable to shareholders of record at the close of business on June 30. With RSI of 63.24 and one year price target estimate of $14.70, the stock looks undervalued but with its MACD still diverging in bullish direction, it is better to hold for now.
Unit Corporation (NYSE:UNT) reversed its recent upward trend yesterday closing down 4.97% or $1.78 to close the day at $34.04 on higher than average trading volume of 1.415 million, compared to its three month average trading volume of 0.566 million. The US-based oil and natural gas contract drilling company declined after reporting a fourth quarter loss of $248.4 million yesterday. The company posted earnings per share of $0.08, which also missed analysts’ expectations of $0.07 per share by one cent. The shares are down by 0.2% year-to-day but are up over 18% in the past month. Despite the loss, the stock remains 37.48% above its 52 week low of $24.76. Better to hold than buy at this time.
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