Cowen Group (COWN) Shares are Up 2.63%

Cowen Group (COWN) has been under a strong bear grip, hence the stock is down -0.05% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.7% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.63% in the last 1 week, and is up 3.31% 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 0.48% and the 50-Day Moving Average is 2.36%. Cowen Group, Inc. has dropped 10.6% during the last 3-month period . Year-to-Date the stock performance stands at -18.54%.


Cowen Group (NASDAQ:COWN): On Fridays trading session , Opening price of the stock was $3.12 with an intraday high of $3.17. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.95. However, the stock managed to close at $3.12, a loss of 0.64% for the day. On the previous day, the stock had closed at $3.14. The total traded volume of the day was 1,275,190 shares.

Cowen Group, Inc. is a diversified financial services firm. The Company provides alternative investment management, investment banking, research, and brokerage (including market-making and sales and trading) through its two business segments: alternative investment and broker-dealer. The alternative investment segment includes hedge funds, replication products, liquid alternative risk premia products, customized solutions, mutual funds, managed futures funds, fund of funds, real estate and healthcare royalty funds. The broker-dealer segment offers industry focused investment banking for growth-oriented companies including advisory and global capital markets origination and domain knowledge-driven research and a sales and trading platform for institutional investors, primarily under the Cowen name.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.