Tiffany & Co. (TIF) : Traders are bullish on Tiffany & Co. (TIF) as it has outperformed the S&P 500 by a wide margin of 10.09% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.83%, 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 1.8% in the last 1 week, and is up 10.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Tiffany & Co. is up 6.73% in the last 3-month period. Year-to-Date the stock performance stands at -9.01%. The stock has recorded a 20-day Moving Average of 6.67% and the 50-Day Moving Average is 9.92%.
Tiffany & Co. (NYSE:TIF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.93 and $67.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.52, notching a gain of 0.44% for the day. The total traded volume was 1,157,867 . The stock had closed at $68.22 on the previous day.
Also, Goldman Sachs maintains its view on Tiffany & Co. (NYSE:TIF) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Goldman Sachs lowers the price target from $71 per share to $69 per share on Tiffany & Co.. The rating by the firm was issued on May 26, 2016.
Tiffany & Co. is a holding company. The Company operates through its subsidiary companies. The Companys principal product category is jewelry. The Company also sells timepieces, leather goods, sterling silver goods (other than jewelry), china, crystal, stationery, fragrances and accessories. Its brands include TIFFANY and TIFFANY & CO., as well as the TIFFANY BLUE BOX. Its segments include Americas, Asia-Pacific, Japan, Europe and Other. It operates e-commerce enabled Websites in 13 countries, as well as informational Websites in various additional countries.