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Today COWN ranks #13411 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$35.37 (-2.59%)

Volume: 165k

Closed: Dec 08, 2021

Hollow Logo Score: -1.854

Cowen Group Stock Forecast

$35.37 (-2.59%)

Volume: 165k

Closed: Dec 08, 2021

Score Hollow Logo -1.854
Which way will COWN go? Request
Key Stats
P/E Ratio 3.14
Beta 1.73
Trailing Dividend Rate 1.04% ($0.38)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 35 and the stock is currently not being overbought or oversold

Red day on Wednesday for Cowen Group stock after losing 2.59%
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-26 Loss -3.81%

The Cowen Group stock price fell by -2.59% on the last day (Wednesday, 8th Dec 2021) from $36.31 to $35.37. During the day the stock fluctuated 3.03% from a day low at $35.33 to a day high of $36.40. The price has fallen in 6 of the last 10 days and is down by -8.96% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -52 thousand shares and in total, 165 thousand shares were bought and sold for approximately $5.82 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $35.27 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10% during the next 3 months and, with a 90% probability hold a price between $38.80 and $44.61 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 0.71%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cowen Group stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $35.69 and $37.50. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Cowen Group finds support from accumulated volume at $34.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.07 between high and low, or 3.03%. For the last week, the stock has had a daily average volatility of 3.18%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Cowen Group stock A Buy?

The Cowen Group stock holds several negative signals and despite the positive trend, we believe Cowen Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.854

Predicted Opening Price for Cowen Group of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$35.70 $35.37 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Sep 21, 2021 "The Goldman Sachs Group" gave "$35.00" rating for COWN. The price target was changed from $33.08 to 4.5%.

Volatility and Risk
Daily Average Volatility: 3.18 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.18 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $35.55
Price: $35.37
Support: $34.65

COWN Insider Trading Show all Trades

INSIDER POWER

1.778

Last 100 transactions
Buy: 801 626 | Sell: 450 789 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Sell 33 127 Solomon Jeffrey M Class A Common Stock
Dec 01, 2021 Sell 2 581 Holmes John J Class A Common Stock
Dec 01, 2021 Sell 2 271 Lasota Stephen Class A Common Stock
Dec 01, 2021 Sell 2 581 Littman Owen S Class A Common Stock
Nov 26, 2021 Buy 10 000 Barth Brett H Class A Common Stock
Show all Insider Trades
INSIDER POWER

1.778

Last 100 transactions
Buy: 801 626 | Sell: 450 789 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 36.77 3.96 %
36.36 2.80 %
36.11 2.09 %
Current price: 35.37
Support 35.29 -0.22 %
35.04 -0.94 %
34.63 -2.09 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 37.73 6.67 %
35.63 0.74 %
35.55 0.51 %
Current price 35.37
Support 34.65 -2.04%
33.08 -6.47%
32.05 -9.39%

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About Cowen Group

Cowen Group Cowen Group, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides alternative investment management, investment banking, research, and sales and trading services for its clients. It manages separate client focused portfolio through its subsidiaries. Through its subsidiaries, the firm invests in equity and fixed income markets. It also invests in alternative investments markets through its subsidia... Read more

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