Janus Capital Group Inc (JNS) : Traders are bullish on Janus Capital Group Inc (JNS) as it has outperformed the S&P 500 by a wide margin of 4.43% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.96%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.89% in the last 1 week, and is up 7.93% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.07% and the 50-Day Moving Average is 3.7%. Janus Capital Group, Inc. is up 4.23% in the last 3-month period. Year-to-Date the stock performance stands at 8.85%.
Janus Capital Group Inc (NYSE:JNS): stock turned positive on Friday. Though the stock opened at $14.9, the bulls momentum made the stock top out at $15.185 level for the day. The stock recorded a low of $14.89 and closed the trading day at $15.1, in the green by 1.14%. The total traded volume for the day was 2,289,228. The stock had closed at $14.93 in the previous days trading.
Also, In a research note released to the investors, Citigroup maintains its rating on Janus Capital Group Inc (NYSE:JNS).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $14 per share to $15 per share. The rating by the firm was issued on July 27, 2016.
Janus Capital Group Inc. provides investment management, administration, distribution and related services to financial advisors, individuals and institutional clients through mutual funds, other pooled investment vehicles, separate accounts and subadvised relationships (collectively referred to as investment products) in both domestic and international markets. The Company provides investment management solutions across a range of disciplines, including fundamental United States and global equities (growth and value), mathematical equities, fixed income and alternatives through its subsidiaries, Janus Capital Management LLC (Janus), VelocityShares, LLC, INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins).