Snap Inc. (SNAP) Forms $14.49 Double Bottom; Bancolombia S A (CIB) Shorts Raised By 12.25%

December 7, 2017 - By Migdalia James

Bancolombia S A (NYSE:CIB) had an increase of 12.25% in short interest. CIB’s SI was 1.78M shares in December as released by FINRA. Its up 12.25% from 1.58 million shares previously. With 650,100 avg volume, 3 days are for Bancolombia S A (NYSE:CIB)’s short sellers to cover CIB’s short positions. The SI to Bancolombia S A’s float is 1.09%. The stock decreased 0.36% or $0.14 during the last trading session, reaching $38.94. About 88,204 shares traded. Bancolombia S.A. (NYSE:CIB) has risen 27.44% since December 7, 2016 and is uptrending. It has outperformed by 10.74% the S&P500.

Snap Inc. (SNAP) formed double bottom with $13.62 target or 6.00% below today’s $14.49 share price. Snap Inc. (SNAP) has $17.45B valuation. The stock decreased 0.75% or $0.11 during the last trading session, reaching $14.49. About 5.62M shares traded. Snap Inc. (NYSE:SNAP) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Among 10 analysts covering Bancolombia S.A. (NYSE:CIB), 1 have Buy rating, 3 Sell and 6 Hold. Therefore 10% are positive. Bancolombia S.A. had 21 analyst reports since July 23, 2015 according to SRatingsIntel. As per Monday, August 22, the company rating was upgraded by Deutsche Bank. The stock of Bancolombia S.A. (NYSE:CIB) has “Underweight” rating given on Thursday, December 3 by Barclays Capital. The firm has “Neutral” rating by Bank of America given on Monday, March 14. On Monday, August 17 the stock rating was upgraded by Standpoint Research to “Buy”. As per Monday, August 24, the company rating was downgraded by Zacks. Bank of America downgraded Bancolombia S.A. (NYSE:CIB) on Friday, February 24 to “Underperform” rating. The firm has “Buy” rating by HSBC given on Wednesday, December 16. Deutsche Bank downgraded Bancolombia S.A. (NYSE:CIB) on Friday, October 27 to “Hold” rating. As per Thursday, October 6, the company rating was downgraded by Credit Suisse. On Thursday, July 23 the stock rating was upgraded by JP Morgan to “Overweight”.

Bancolombia S.A. provides various banking services and products to individual, corporate, and government clients throughout Colombia, Latin America, and the Caribbean region. The company has market cap of $9.52 billion. The firm operates through nine divisions: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other. It has a 9.97 P/E ratio. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, overdrafts, and financing for industrial projects; mortgage banking and factoring services; and financial and operating leasing services.

Among 42 analysts covering Snap Chat (NYSE:SNAP), 10 have Buy rating, 10 Sell and 22 Hold. Therefore 24% are positive. Snap Chat had 112 analyst reports since March 2, 2017 according to SRatingsIntel. The stock of Snap Inc. (NYSE:SNAP) has “Buy” rating given on Sunday, July 9 by Oppenheimer. The firm has “Market Perform” rating by JMP Securities given on Wednesday, November 15. As per Thursday, May 11, the company rating was upgraded by Oppenheimer. As per Wednesday, October 11, the company rating was maintained by Credit Suisse. Pivotal Research maintained Snap Inc. (NYSE:SNAP) rating on Thursday, August 10. Pivotal Research has “Sell” rating and $900 target. Deutsche Bank initiated the shares of SNAP in report on Monday, March 27 with “Buy” rating. The rating was maintained by Moffett Nathanson with “Sell” on Monday, April 3. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, November 8 report. The firm has “Hold” rating given on Friday, September 1 by Canaccord Genuity. The firm earned “Buy” rating on Thursday, July 13 by Stifel Nicolaus.

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By1 Migdalia James




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