Houghton Mifflin Harcourt Company (NASDAQ:HMHC) has tumbled 5.48% during the past week and has dropped 2.79% 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 4.34%. Houghton Mifflin Harcourt Company (NASDAQ:HMHC) has underperformed the index by 3.67% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Houghton Mifflin Harcourt Company (NASDAQ:HMHC): The stock opened at $16.77 on Friday but the bulls could not build on the opening and the stock topped out at $16.93 for the day. The stock traded down to $16.37 during the day, due to lack of any buying support eventually closed down at $16.40 with a loss of -1.86% for the day. The stock had closed at $16.71 on the previous day. The total traded volume was 1,999,918 shares.
The company shares have dropped -38.62% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $27.07 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $17.70 and the 200 Day Moving Average price is recorded at $18.80.
On the companys insider trading activities, Dragoon John, officer (See remarks.) of Houghton Mifflin Harcourt Co, unloaded 25,000 shares at an average price of $20.41 on May 2, 2016. The total amount of the transaction was worth $510,250, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Currently the company Insiders own 3.4% of Houghton Mifflin Harcourt Company shares according to the proxy statements. Institutional Investors own 99.68% of Houghton Mifflin Harcourt Company shares. During last six month period, the net percent change held by insiders has seen a change of -3.33%.
Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a variety of media. The Company operates in two segments: Education and Trade Publishing. Its Education segment provides educational products, technology platforms and services to meet the diverse needs of classrooms. Its Trade Publishing segment develops, markets and sells consumer books in print and digital formats and licenses book rights to other publishers and electronic businesses in the United States and abroad. It delivers content, services and technology to both educational institutions and consumers, in more than 150 countries across the world. In the United States, the Company is a provider of Kindergarten through 12th grade (K-12) educational content. Its content includes characters and titles such as Curious George, Carmen Sandiego, The Oregon Trail, The Little Prince, The Lord of the Rings, Life of Pi, Websters New World Dictionary and Cliffs Notes.