Sabre Corporation (NASDAQ:SABR) has tumbled 3.17% during the past week and has dropped 2.44% 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 2.01%. Sabre Corporation (NASDAQ:SABR) has underperformed the index by 3.33% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Sabre Corporation (NASDAQ:SABR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.85 and $26.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.17, notching a gain of 0.67% for the day. The total traded volume was 2,566,776 . The stock had closed at $26.99 on the previous day.
The company shares have rallied 10.18% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $30.46 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $28.24 and the 200 Day Moving Average price is recorded at $27.66.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Simonson Richard A, officer (Executive Vice President, CFO) of Sabre Corp, had unloaded 30,000 shares at an average price of $27.96 in a transaction dated on June 1, 2016. The total value of the transaction was worth $838,800.
Many analysts have stated their opinion on the company shares. Equity Analysts at the SunTrust Robinson Humphrey upgrades the rating on Sabre Corporation (NASDAQ:SABR). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 1, 2016. Currently the company Insiders own 1.8% of Sabre Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.22% . Institutional Investors own 99.26% of Sabre Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -8.5%.
Sabre Corporation (Sabre) is a technology solutions provider to the global travel and tourism industry. The Company operates in two segments: Travel Network, which is a global business-to-business travel marketplace for travel suppliers and travel buyers, and Airline and Hospitality Solutions, which provides a suite of software solutions, primarily for airlines and hotel properties. The Company connects travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators, with travel buyers in a travel marketplace. It also offers travel suppliers a suite of software solutions, ranging from airline and hotel reservations systems to marketing and operations solutions, such as planning airline crew schedules, re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations.