Can Stage Stores, Inc. (SSI)’s Tomorrow be Different? The Stock Just Broke Its High

April 16, 2018 - By Max Morgan

Stage Stores, Inc. (NYSE:SSI) Logo

Investors sentiment increased to 0.73 in 2017 Q4. Its up 0.03, from 0.7 in 2017Q3. It improved, as 6 investors sold Stage Stores, Inc. shares while 16 reduced holdings. 7 funds opened positions while 9 raised stakes. 10.36 million shares or 6.86% less from 11.12 million shares in 2017Q3 were reported.
D E Shaw And reported 209,492 shares stake. Vanguard Grp Incorporated Inc owns 970,230 shares or 0% of their US portfolio. Invesco Ltd has 0% invested in Stage Stores, Inc. (NYSE:SSI). Paradigm Mgmt has 2.74M shares. Jpmorgan Chase has invested 0% in Stage Stores, Inc. (NYSE:SSI). Royal Commercial Bank Of Canada reported 0% of its portfolio in Stage Stores, Inc. (NYSE:SSI). Hightower Advsrs Ltd Com owns 37,600 shares for 0% of their portfolio. Raymond James Service invested in 28,000 shares or 0% of the stock. Susquehanna Interest Group Inc Limited Liability Partnership has invested 0% of its portfolio in Stage Stores, Inc. (NYSE:SSI). Ontario – Canada-based Bankshares Of Montreal Can has invested 0% in Stage Stores, Inc. (NYSE:SSI). Moreover, Parametric Portfolio Ltd Liability has 0% invested in Stage Stores, Inc. (NYSE:SSI). Employees Retirement Association Of Colorado invested 0% in Stage Stores, Inc. (NYSE:SSI). Blackrock Inc stated it has 468,674 shares or 0% of all its holdings. Lincoln Natl has 23,481 shares. The Nebraska-based Nelson Van Denburg And Campbell Wealth Mgmt Ltd Liability Co has invested 0% in Stage Stores, Inc. (NYSE:SSI).

Since March 13, 2018, it had 0 insider buys, and 5 selling transactions for $47,392 activity. Another trade for 3,300 shares valued at $9,125 was sold by STASYSZEN RICHARD E.

The stock of Stage Stores, Inc. (NYSE:SSI) hit a new 52-week high and has $3.21 target or 9.00 % above today’s $2.95 share price. The 8 months bullish chart indicates low risk for the $81.50 million company. The 1-year high was reported on Apr, 16 by Barchart.com. If the $3.21 price target is reached, the company will be worth $7.33M 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 0.36% or $0.0108 during the last trading session, reaching $2.9492. About 62,584 shares traded. Stage Stores, Inc. (NYSE:SSI) has risen 7.88% since April 16, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Stage Stores, Inc. operates specialty department stores primarily in small and mid-sized towns and communities in the United States. The company has market cap of $81.50 million. The Company’s merchandise portfolio comprises moderately priced brand name and private label apparel, accessories, cosmetics, footwear, and home goods. It currently has negative earnings. The firm also offers merchandise direct-to-consumer through its e-commerce Website and send program.

Stage Stores, Inc. (NYSE:SSI) Institutional Positions Chart

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