The following stocks (NYSE:DFS, NYSE:FCH and NYSE:EV) are close to 52-week low. For information, the 52-week low serves as an indicator for potential investors. Investor’s will often determine the 52-week low for a stock when looking at its current price. If the price is near or approaching the 52-week low, investors might consider it a good time to buy because the stock could be undervalued. Also, the market could have overreacted to a company’s bad news. Hence, it is possible that stocks trading near their 52-week low could be worth buying.
Discover Financial Services (NYSE:DFS)(Trend analysis) shares traded close to their lowest level in a year. The Financial Services company’s share price is currently trading 0.94% above its 52-week-low. The 1-year stock price history is in the range of $50.92 – $66.75. Discover Financial Services is currently valued at $22.37 billion. The stock has a 50-day moving average of $55.15 and a 200-day moving average of $57.84.
There are currently twenty-nine analysts that cover Discover Financial Services stock. Of those twenty-nine, twenty-three have a Buy rating, six have a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $69.83.
The stock closed last trading session at $51.4, down by -1.53%.
FelCor Lodging Trust Incorporated (NYSE:FCH)(Trend analysis) shares were traded at $7.9, down by -1.37%, close to the 52-week low of $7.67, with a volume of 672,592 shares against an average volume for the last 3 months of 992,511. This represents a volume multiple of 0
FelCor Lodging Trust Incorporated (FCH) current short interest stands at 4.96 million shares. It has increased by 41% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.95 million shares, the number of days required to cover the short positions stand at 5.3 days.
A recent stock analyst activity consisted of SunTrust Robinson Humphrey downgrading their Buy rating to Neutral on March 25.
Eaton Vance Corp (NYSE:EV)(Trend analysis) shares are also trading near the 52-week low of $32.62. The stock closed last trading session at $33.15, down by -1.37%, with a volume of 593,919 shares compared to an average volume for the last 3 months of 721,592. The year-to-date performance of the stock stands at -26.17%.
Eaton Vance Corp (EV) current short interest stands at 9.2 million shares. It has decreased by 2% from the same period of last month. Around 9% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.8 million shares, the number of days required to cover the short positions stand at 11.6 days.