AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Pri primerica online3/24/2024 The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. PRI is currently averaging 118,903 shares for the last 20 days. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Investors should also pay attention to PRI's average 20-day trading volume. In comparison, the S&P 500 has only moved 14.15% and 24.47%, respectively. Shares of Primerica have increased 14.77% over the past quarter, and have gained 40.35% in the last year. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares are looking quite well from a longer time frame too, as the monthly price change of 9.06% compares favorably with the industry's 0.48% performance as well. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.įor PRI, shares are up 3.61% over the past week while the Zacks Insurance - Life Insurance industry is up 0.24% over the same time period. Let's discuss some of the components of the Momentum Style Score for PRI that show why this life insurance and financial products company shows promise as a solid momentum pick.Ī good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. You can see the current list of Zacks #1 Rank Stocks here > Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Primerica currently has a Zacks Rank of #2 (Buy). It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.īelow, we take a look at Primerica (PRI), a company that currently holds a Momentum Style Score of B. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Įven though momentum is a popular stock characteristic, it can be tough to define. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key once a stock establishes a course, it is more than likely to continue moving in that direction. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction.
0 Comments
Read More
Leave a Reply. |