Investing Focus: Traders Keen on Shares of Zillow Group, Inc. (Z), Public Service Enterprise Group Incorporated (PEG) – The RNS Daily

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The shares of Zillow Group, Inc. (NASDAQ:Z) dropped by -47.85% or -$31.44 from its last recorded high of $65.7 which it attained on June 15 to close at $34.26 per share. Over the past 52 weeks, the shares of Zillow Group, Inc. has been trading as low as $26.38 before witnessing a massive surge by 29.87% or $7.88. This price movement has led to the Z stock receiving more attention and has become one to watch out for. It jumped by 0.53% on Thursday and this got the market excited. The stock’s beta now stands at 0 and when compared to its 200-day moving average and its 50-day moving average, Z price stands -24.85% below and 4.07% above respectively. Its average daily volatility for this week is 3.5% which is less than the 4.29% recorded over the past month.

Zillow Group, Inc. (Z) sank -2.37% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -21.26% and is now up by 8.49% since start of this year. A look at its monthly performance shows that the stock has recorded a 7.87% gain over the past 30 days. Its equity price dipped by -15.3% over the past three months which led to its overall six-month decrease to stand at -30.87%.

A look at Z technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 53.54 point. Its trading volume has lost -568480 shares compared to readings over the past three months as it recently exchanged 2781520 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 3350000 shares, and this is 0.83 times the normal volume.

The price of Public Service Enterprise Group Incorporated (NYSE:PEG) currently stands at $55.69 after it went up by $0.69 or 1.25% and has found a strong support at $55.07 a share. If the PEG price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $54.45 mark would also be bad for the stock as it means that the stock would plunge by 2.23% from its current position. However, if the stock price is able to trade above the resistance point around $56, then it could likely surge higher to try and break the upward resistance which stands at $56.31 a share. Its average daily volatility over the past one month stands at 1.59%. The stock has plunged by 1.67% from its 52-weeks high of $54.76 which it reached on Oct. 24, 2018. In general, it is 17.06% above its 52-weeks lowest point which stands at $46.19 and this setback was observed on Jul. 03, 2018.

Analysts have predicted a price target for Public Service Enterprise Group Incorporated (PEG) for 1 year and it stands at an average $57.93/share. This means that it would likely increase by 4.02% from its current position. The current price of the stock has been moving between $54.76 and $55.69. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $53. On the other hand, one analyst is super bullish about the price, setting a target as high as $62.

The PEG stock Stochastic Oscillator (%D) is at 96.65%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 3.05. The stock currently has an estimated price-earnings (P/E) multiple of 17.12, which is lower than the 19.47 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -8.2% over the past five years.

Analysts view Public Service Enterprise Group Incorporated (NYSE:PEG) as a Buy, with 1.8 consensus rating. Reuters surveyed 16 analysts that follow PEG and found that 3 of those analysts rated the stock as a Hold. The remaining 13 were divided, with 13 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Public Service Enterprise Group Incorporated (PEG) shares or sell it if they already own it.

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