Cowen Group (COWN) Shares are Up 4.61%

Cowen Group (COWN) : Traders are bullish on Cowen Group (COWN) as it has outperformed the S&P 500 by a wide margin of 0.26% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.44%, relative to the S&P 500. The stock has risen by 4.61% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.27% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 3.35% and the 50-Day Moving Average is 8.29%.The 200 Day SMA reached 7.82%


Cowen Group (NASDAQ:COWN): After opening at $3.49, the stock dipped to an intraday low of $3.45 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.66 and the buying power remained strong till the end. The stock closed at $3.63 for the day, a gain of 4.91% for the day session. The total traded volume was 1,401,515. The stocks close on the previous trading day was $3.63.

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.

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