Leucadia National Corporation (LUK) : Traders are bullish on Leucadia National Corporation (LUK) as it has outperformed the S&P 500 by a wide margin of 2.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.25%, 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 0.21% in the last 1 week, and is up 2.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Leucadia National Corporation is up 6.08% in the last 3-month period. Year-to-Date the stock performance stands at 8.36%. The stock has recorded a 20-day Moving Average of 1.17% and the 50-Day Moving Average is 5.33%.
Leucadia National Corporation (NYSE:LUK): The stock opened at $18.76 on Friday but the bulls could not build on the opening and the stock topped out at $18.76 for the day. The stock traded down to $18.61 during the day, due to lack of any buying support eventually closed down at $18.70 with a loss of -0.85% for the day. The stock had closed at $18.86 on the previous day. The total traded volume was 1,043,654 shares.
Also, Equity analysts at the Brokerage firm Oppenheimer maintains its rating on Leucadia National Corporation (NYSE:LUK). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Oppenheimer raises the price target from $22 per share to $23 per share. The rating by the firm was issued on August 5, 2016.
Leucadia National Corporation (Leucadia) is a diversified holding company engaged through its subsidiaries in a variety of businesses. The Companys business operations include capital markets and asset management. The capital markets business includes its securities, commodities, futures and foreign exchange brokerage trading provides the sales, trading, origination and advisory effort for various fixed income, equity and advisory activities and investment banking, which consist of underwritin