Tiffany & Co. (TIF) : Traders are bullish on Tiffany & Co. (TIF) as it has outperformed the S&P 500 by a wide margin of 1.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.13%, 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 4.06% in the last 1 week, and is up 5.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.55% and the 50-Day Moving Average is 4.41%. Tiffany & Co. has dropped 8.91% during the last 3-month period . Year-to-Date the stock performance stands at -14.32%.
Tiffany & Co. (NYSE:TIF): stock turned positive on Friday. Though the stock opened at $63.22, the bulls momentum made the stock top out at $64.59 level for the day. The stock recorded a low of $62.85 and closed the trading day at $64.52, in the green by 1.85%. The total traded volume for the day was 2,013,417. The stock had closed at $63.35 in the previous days trading.
Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, maintains their rating on the shares of Tiffany & Co. (NYSE:TIF). Goldman Sachs has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $69 per share from a prior target of $71. 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.