Sothebys (BID) Shares are Down -0.86%

Sothebys (BID) : During the past 4 weeks, traders have been relatively bearish on Sothebys (BID), hence the stock is down -4.82% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.02% relative to the S&P 500. The 4-week change in the price of the stock is -5.33% and the stock has fallen -0.86% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.08% and the 50-Day Moving Average is 2.09%.The 200 Day SMA reached 30.69%


Sothebys (NYSE:BID): After opening at $37.16, the stock dipped to an intraday low of $36.87 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $38.28 and the buying power remained strong till the end. The stock closed at $38.02 for the day, a gain of 3.37% for the day session. The total traded volume was 739,014. The stocks close on the previous trading day was $38.02.

Sothebys (BID) : The highest short term price target forecast on Sothebys (BID) is $36 and the lowest target price is $35. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $35.5 with a standard deviation of $0.71.

Sothebys is a global art business company. The Company operates in three segments: Agency, Principal and Finance. The Companys Agency segment accepts property on consignment, stimulates buyer interest through professional marketing techniques, and matches sellers (also known as consignors) to buyers through the auction or private sale process. The Companys Principal segment is engaged in the sale of artworks that have been purchased by Sothebys, including property acquired for sale at auction in the near term in lieu of the Agency segment providing an auction guarantee to a potential consignor. The Companys Finance segment provides certain collectors and art dealers with financing secured by works of art that Sothebys either has in its possession or permits borrowers to possess.

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