Global Eagle Entertainment (ENT) Shares are Up 1.84%

Global Eagle Entertainment (ENT) : Traders are bullish on Global Eagle Entertainment (ENT) as it has outperformed the S&P 500 by a wide margin of 0.42% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.67%, relative to the S&P 500. The stock has risen by 1.84% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.12% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.51% and the 50-Day Moving Average is 0.9%.The 200 Day SMA reached 1.88%

Global

Global Eagle Entertainment (NASDAQ:ENT): After opening at $8.06, the stock dipped to an intraday low of $8.04 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.62 and the buying power remained strong till the end. The stock closed at $8.31 for the day, a gain of 3.88% for the day session. The total traded volume was 1,391,275. The stocks close on the previous trading day was $8.31.

Global Eagle Entertainment (ENT) stock is expected to deviate a maximum of $1.15 from the average target price of $17.33 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $16.

Global Eagle Entertainment Inc. is a provider of content, connectivity and digital media solutions for airlines. Through its product and services platform, the Company provides domestic and international airlines with in-flight solutions, including interactive software, as well as portable in-flight entertainment (IFE) solutions, content management services, e-commerce solutions and original content development. The Companys business consists of two operating segments. The Connectivity segment provides its airline partners and their passengers with Wi-Fi connectivity over Ku-band satellite transmissions. This segment offers specialized network equipment, media applications and content services that allow airline passengers to access in-flight Internet, live television, on-demand content, shopping and travel-related information. The Content segment selects, manages and distributes wholly owned and licensed media content, video and music programming, applications and games.

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