The short interest in Leucadia National Corporation (NYSE:LUK) has increased from 9,838,962 on May 31,2016 to 10,391,150 on June 15,2016. The change was measured at 552,188 shares or 5.6%. The leftover shorts were 3.2% of the floated shares. The days to cover are 6, given the average daily volume of 1,886,041 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Leucadia National Corporation (NYSE:LUK): The stock opened at $16.91 on Friday but the bulls could not build on the opening and the stock topped out at $17.20 for the day. The stock traded down to $16.26 during the day, due to lack of any buying support eventually closed down at $16.28 with a loss of -9.45% for the day. The stock had closed at $17.98 on the previous day. The total traded volume was 4,070,352 shares.
The company shares have dropped -32.50% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $25.39 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $17.49 and the 200 Day Moving Average price is recorded at $16.47.
Leucadia National Corporation (NYSE:LUK) has tumbled 4.4% during the past week and has dropped 9.4% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.82%. Leucadia National Corporation (NYSE:LUK) has underperformed the index by 6.66% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Leucadia National Corporation (Leucadia) is a diversified holding company engaged through its subsidiaries in a variety of businesses. The Companys business operations include capital markets and asset management. The capital markets business includes its securities, commodities, futures and foreign exchange brokerage trading provides the sales, trading, origination and advisory effort for various fixed income, equity and advisory activities and investment banking, which consist of underwritin