Clough Global Opportunities Fund (NYSE:GLO) does about 429.90K shares in volume on a normal day but saw 206687 shares change hands in Friday trading. The company now has a market cap of 204.11M USD. Its current market price is $4.94, marking a decrease of -0.40% compared to the previous close of $4.96. The 52 week high reached by this stock is $9.80 whilst the lowest price level in 52 weeks is $4.81.
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Clough Global Opportunities Fund (GLO) has a 20-day trading average at $5.01 and the current price is -49.59% off the 52-week high compared with 2.70% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.16 and its 200-day simple moving average is $6.42. If we look at the stock’s price movements over the week, volatility stands at 1.56%, which increases to 1.72% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 41.05 to suggest the stock is neutral.
The consensus objective for the share price is $6.07, suggesting that the stock has a potential upside of 18.62% over the period.
The current price level is -1.40%, -4.51%, and -23.20% away from its SMA20, SMA50, and SMA200 respectively, with the GLO price moving above the 50-day SMA on February 17. Clough Global Opportunities Fund (GLO) stock is down -0.20% over the week and -0.80% over the past month. Its price is -2.56% year-to-date and -50.25% over the past year.
To reach the target analysts have set, the stock logically needs to grow 18.62 percent from here.
Outstanding shares total 41.32M with insiders holding 0.01% of the shares and institutional holders owning 17.65% of the company’s common stock. The price to earnings ratio (P/E ratio) amounts to 1.44. Price to book ratio is 0.80 and price to sales ratio is 22.82.
Modern Capital Tactical Opportuni isn’t the only investment manager who changed stakes and is followed by Guggenheim Multi Hedge Strategies, which sold off 2377.0 shares to end up with 0 shares worth $0.0. Rydex Variable Trust – Multi Hedg cut their holdings by -100.00% in the company over the course of the most recent quarter. It now holds a 0.00% position in Clough Global Opportunities Fund thanks to 0.0 shares amounting to $0.0.
