ARRIS Group (ARRS) : Traders are bullish on ARRIS Group (ARRS) as it has outperformed the S&P 500 by a wide margin of 6.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.27%, 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 5.84% in the last 1 week, and is up 4.55% 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 2.68% and the 50-Day Moving Average is 6.32%.The 200 Day SMA reached 12.74% ARRIS International plc is up 23.05% in the last 3-month period. Year-to-Date the stock performance stands at -7.46%.
ARRIS Group (ARRS) : The highest level ARRIS Group (ARRS) is projected to reach is $40 for the short term and the lowest estimate is at $32. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $35.33 and the possibility the share price can swing is $2.94.
For the current week, the company shares have a recommendation consensus of Buy. ARRIS Group (NASDAQ:ARRS): stock was range-bound between the intraday low of $27.83 and the intraday high of $28.37 after having opened at $28.28 on Fridays session. The stock finally closed in the red at $28.28, a loss of -0.18%. The stock remained in the red for the whole trading day. The total traded volume was 3,731,459 shares. The stock failed to cross $28.37 in Fridays trading. The stocks closing price on Thursday was $28.29.