Macquarie Infrastructure Company (MIC) Shares are Up 0.29%

Macquarie Infrastructure Company (MIC) : Traders are bullish on Macquarie Infrastructure Company (MIC) as it has outperformed the S&P 500 by a wide margin of 1.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.29% in the last 1 week, and is up 1.41% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.79% and the 50-Day Moving Average is 4.08%.The 200 Day SMA reached 20.15%


Macquarie Infrastructure Company (NYSE:MIC): After opening at $83.23, the stock dipped to an intraday low of $82.88 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $83.995 and the buying power remained strong till the end. The stock closed at $83.24 for the day, a gain of 0.41% for the day session. The total traded volume was 943,319. The stocks close on the previous trading day was $83.24.

Macquarie Infrastructure Company (MIC) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $103 and the lowest price target forecast is $81. The average forecast of all the analysts is $93.5 and the expected standard deviation is $10.02.

Macquarie Infrastructure Company LLC owns, operates and invests in a group of infrastructure businesses that provide basic services to businesses and individuals primarily in the United States. The Companys operational segments include International-Matex Tank Terminals (IMTT), engaged in bulk liquid terminals business which provides bulk liquid storage, handling and other services at 10 marine terminals in the United States and two in Canada; Atlantic Aviation, which includes a network of aviation fixed-base operations (FBOs) that provide fuel, terminal, aircraft hangaring and other services primarily to owners and operators of general aviation (GA) aircraft at 69 airports in the United States; Contracted Power and Energy (CP&E), which is engaged in selling energy generated by their facilities to creditworthy off-takers, and Hawaii Gas, a gas energy company processing and distributing gas and providing related services in Hawaii.

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