Cowen Group (NASDAQ:COWN) : Traders are bullish on Cowen Group (NASDAQ:COWN) as it has outperformed the S&P 500 by a wide margin of 3.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.81%, 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 13.25% in the last 1 week, and is up 5.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -45.97% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $6.59 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $3.24 and the 200 Day Moving Average price is recorded at $3.36.
The stock has recorded a 20-day Moving Average of 9.58% and the 50-Day Moving Average is 4.63%.
Cowen Group (NASDAQ:COWN): stock turned positive on Friday. Though the stock opened at $3.25, the bulls momentum made the stock top out at $3.43 level for the day. The stock recorded a low of $3.235 and closed the trading day at $3.42, in the green by 6.54%. The total traded volume for the day was 1,164,211. The stock had closed at $3.21 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Holmes John J, officer (Chief Operating Officer) of Cowen Group, Inc., had unloaded 50,000 shares at an average price of $5.53 in a transaction dated on August 10, 2015. The total value of the transaction was worth $276,500.
Cowen Group, Inc. is a diversified financial services firm. The Company provides alternative investment management, investment banking, research, and brokerage (including market-making and sales and trading) through its two business segments: alternative investment and broker-dealer. The alternative investment segment includes hedge funds, replication products, liquid alternative risk premia products, customized solutions, mutual funds, managed futures funds, fund of funds, real estate and healthcare royalty funds. The broker-dealer segment offers industry focused investment banking for growth-oriented companies including advisory and global capital markets origination and domain knowledge-driven research and a sales and trading platform for institutional investors, primarily under the Cowen name.