Moelis & Company (MC) Touches $54.05 High on Feb, 15; Wabash National (WNC) Sellers Increased By 6.12% Their Shorts

February 15, 2018 - By Richard Conner

Wabash National Corporation (NYSE:WNC) had an increase of 6.12% in short interest. WNC’s SI was 17.48 million shares in February as released by FINRA. Its up 6.12% from 16.47 million shares previously. With 829,400 avg volume, 21 days are for Wabash National Corporation (NYSE:WNC)’s short sellers to cover WNC’s short positions. The SI to Wabash National Corporation’s float is 29.75%. The stock decreased 1.93% or $0.47 during the last trading session, reaching $23.88. About 236,669 shares traded. Wabash National Corporation (NYSE:WNC) has risen 52.05% since February 15, 2017 and is uptrending. It has outperformed by 35.35% the S&P500.

The stock of Moelis & Company (NYSE:MC) reached all time high today, Feb, 15 and still has $55.67 target or 3.00% above today’s $54.05 share price. This indicates more upside for the $3.02 billion company. This technical setup was reported by Barchart.com. If the $55.67 PT is reached, the company will be worth $90.66M more. The stock increased 0.65% or $0.35 during the last trading session, reaching $54.05. About 176,291 shares traded. Moelis & Company (NYSE:MC) has risen 40.93% since February 15, 2017 and is uptrending. It has outperformed by 24.23% the S&P500.

Moelis & Company provides strategic and financial advisory services in the United States and internationally. The company has market cap of $3.02 billion. The firm advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. It has a 61.14 P/E ratio. Moelis & Company offers its services to public multinational firms, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

Among 13 analysts covering Moelis & Co (NYSE:MC), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Moelis & Co has $60 highest and $24 lowest target. $40.13’s average target is -25.75% below currents $54.05 stock price. Moelis & Co had 32 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Moelis & Company (NYSE:MC) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Friday, May 5. The rating was maintained by Keefe Bruyette & Woods on Monday, July 24 with “Hold”. KBW upgraded it to “Outperform” rating and $36 target in Tuesday, August 11 report. Sandler O’Neill maintained it with “Hold” rating and $53.0 target in Thursday, January 11 report. The stock of Moelis & Company (NYSE:MC) earned “Neutral” rating by Buckingham Research on Monday, December 21. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, October 26 report. The firm has “Neutral” rating by UBS given on Thursday, August 4. The firm has “Buy” rating given on Wednesday, January 13 by Buckingham Research. As per Tuesday, August 11, the company rating was upgraded by Wood. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Wednesday, February 7 report.

Among 10 analysts covering Wabash National Corp (NYSE:WNC), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Wabash National Corp had 27 analyst reports since September 28, 2015 according to SRatingsIntel. As per Thursday, February 2, the company rating was downgraded by Piper Jaffray. The firm has “Hold” rating by Stifel Nicolaus given on Friday, February 9. As per Tuesday, December 8, the company rating was downgraded by Stifel Nicolaus. The firm has “Hold” rating by Stifel Nicolaus given on Sunday, October 15. Stifel Nicolaus maintained Wabash National Corporation (NYSE:WNC) on Wednesday, August 9 with “Hold” rating. The stock has “Neutral” rating by PiperJaffray on Thursday, February 2. Stifel Nicolaus maintained the shares of WNC in report on Friday, December 22 with “Hold” rating. The firm has “Hold” rating by Piper Jaffray given on Wednesday, January 31. As per Wednesday, January 31, the company rating was maintained by Stifel Nicolaus. The firm has “Neutral” rating by Seaport Global given on Thursday, April 6.

Since February 5, 2018, it had 0 insider buys, and 1 sale for $1.46 million activity. $1.46 million worth of Wabash National Corporation (NYSE:WNC) was sold by GIROMINI RICHARD J on Monday, February 5.

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By1 Richard Conner

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