Monster Worldwide (MWW) has been under a strong bear grip, hence the stock is down -1.31% 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 3.9% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.35% in the last 1 week, and is up 1.15% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Monster Worldwide (NYSE:MWW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.50 and $2.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.64, notching a gain of 6.45% for the day. The total traded volume was 633,064 . The stock had closed at $2.48 on the previous day.
The stock has recorded a 20-day Moving Average of 0.23% and the 50-Day Moving Average is 1.1%. Monster Worldwide, Inc. has dropped 6.71% during the last 3-month period . Year-to-Date the stock performance stands at -53.93%.
Monster Worldwide (MWW) : The highest level Monster Worldwide (MWW) is projected to reach is $10 for the short term and the lowest estimate is at $3. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $4.6 and the possibility the share price can swing is $3.07.
Monster Worldwide, Inc. is engaged in connecting people to jobs. The Company offers services in over 40 countries, providing job seeking, career management, recruitment and talent management capabilities. The Company operates in three segments: Careers-North America, Careers-International and Internet Advertising & Fees. The Companys Careers North America and International segments, works by connecting employers with job seekers at various levels and by providing searchable jobs and career management resources online in North America, Europe and Asia markets. Its Internet Advertising & Fees business operates a network of Websites that connect companies to targeted audiences. Its services and solutions include: searchable job advertisements; resume database access; recruitment media solutions through its advertising network and partnerships; Twitter Cards and social job distribution; social profile aggregation, and other career-related content.