Convergys Corporation (CVG) : Traders are bullish on Convergys Corporation (CVG) as it has outperformed the S&P 500 by a wide margin of 8.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.82%, 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 5.88% in the last 1 week, and is up 9.19% 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 6.84% and the 50-Day Moving Average is 9.03%. Convergys Corporation (NYSE:CVG): On Fridays trading session , Opening price of the stock was $29.21 with an intraday high of $29.35. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.74. However, the stock managed to close at $29, a loss of 1.06% for the day. On the previous day, the stock had closed at $29.31. The total traded volume of the day was 584,121 shares.
The company Insiders own 1.9% of Convergys Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.43% . Institutional Investors own 99.5% of Convergys Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.18%. Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Convergys Corporation (NYSE:CVG). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $30 per share from a prior target of $28. The rating by the firm was issued on August 10, 2016.
Convergys Corporation (Convergys) provides customer management services. The Company serves brands in industries, such as communications and media, technology, financial services, retail and healthcare. The Company invests in a combination of global quality delivery, comprehensive solutions and close client engagement. The Company invests in solutions consisting of services, technology and analytics that support the life-cycle of contact types, including service, sales, retention and collections. Its analytics and consulting solutions are post-contact surveys, relational loyalty research, segmentation and profiling, repeat call analysis, agent path analysis, customer interaction assessment, chat optimization and integrated contact center analytics.