Thomson Reuters Corp (TRI) has been under a strong bear grip, hence the stock is down -3.26% 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 1.42% in the past 1 week. The stock has risen by 1.48% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.26% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.27% and the 50-Day Moving Average is 0.33%. Thomson Reuters Corp (NYSE:TRI): On Fridays trading session , Opening price of the stock was $42.19 with an intraday high of $42.34. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $41.81. However, the stock managed to close at $41.9, a loss of 0.66% for the day. On the previous day, the stock had closed at $42.18. The total traded volume of the day was 561,050 shares.
Institutional Investors own 29.79% of Thomson Reuters Corp shares. Also, Brokerage firm Morgan Stanley maintains its rating on Thomson Reuters Corp (NYSE:TRI). As per the latest information, the brokerage house raises the price target to $43 per share from a prior target of $42. The shares have been rated Equal-weight. The rating by the firm was issued on August 1, 2016.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. The Company is organized into four business units: Financial & Risk, Legal, Tax & Accounting and Intellectual Property & Science. Financial & Risk business unit provides news, information and analytics, enabling transactions and bringing together financial communities. It also provides regulatory and operational risk management solutions. Legal business unit provides online and print information, decision tools, software and services that support legal, investigation, business and government professionals. Tax & Accounting business unit provides integrated tax compliance and accounting information, software and services for professionals in accounting firms, corporations, law firms and government. Intellectual Property & Science business unit provides intellectual property and scientific information, decision support tools and services.