Houghton Mifflin Harcourt Company (HMHC) Shares are Up 5.3%

Houghton Mifflin Harcourt Company (HMHC) has been under a strong bear grip, hence the stock is down -10.33% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.33% in the past 1 week. The stock has risen by 5.3% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.99% in the past 4 weeks.

Houghton Mifflin Harcourt Company has dropped 8.12% during the last 3-month period . Year-to-Date the stock performance stands at -28.83%. The stock has recorded a 20-day Moving Average of 3.22% and the 50-Day Moving Average is 4.33%.


Houghton Mifflin Harcourt Company (NASDAQ:HMHC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.42 and $15.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.50, notching a gain of 0.58% for the day. The total traded volume was 1,237,436 . The stock had closed at $15.41 on the previous day.

Also, Citigroup maintains their rating on the shares of Houghton Mifflin Harcourt Company (NASDAQ:HMHC). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $23 per share from $29 per share. The rating by the firm was issued on August 17, 2016.

Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a variety of media. The Company operates in two segments: Education and Trade Publishing. Its Education segment provides educational products, technology platforms and services to meet the diverse needs of classrooms. Its Trade Publishing segment develops, markets and sells consumer books in print and digital formats and licenses book rights to other publishers and electronic businesses in the United States and abroad. It delivers content, services and technology to both educational institutions and consumers, in more than 150 countries across the world. In the United States, the Company is a provider of Kindergarten through 12th grade (K-12) educational content. Its content includes characters and titles such as Curious George, Carmen Sandiego, The Oregon Trail, The Little Prince, The Lord of the Rings, Life of Pi, Websters New World Dictionary and Cliffs Notes.

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