Stock to Follow:: Cenovus Energy Inc. (CVE), Drive Shack Inc. (DS)

Cenovus Energy Inc. (CVE) Daily Performance:

Cenovus Energy Inc. (CVE) stock negotiated recent volume of 3861580 shares in recent trading session on Thursday Dated NOVEMBER 08, 2018. The stock average capacity of shares measured at 3859.12K shares. CVE recent stock price value stands at $9.18 with moving a change -0.11%. This stock changed upward from its 52 week low with 29.48% and -20.31% down from its 52 week high price. It has 1232.96M outstanding shares and 1017.51M shares have been floated in market. The stock institutional ownership counted 73.10% while insider ownership held at 0.10%.

Volatility:

Its price volatility calculated at 3.78% for the last 30 days whereas volatility for 7 days stayed as 2.64%. The stock has beta of 0.81 suggest that this stock is less risky as compared to market beta of 1. The stock’s Average True Range for 14 days was seen at 0.33.

Technical Analysis:

The price moved to 6.05% while comparing it with the average of 20 days and distanced at change of 0.51% from average of 50 days while separated at -2.55% from average of 200 days average. The stock performed with weekly change of 4.68% and it moved for the month at -0.97%. It has a RSI value of 57.14.

Drive Shack Inc. (DS) Daily Change:

Drive Shack Inc. (DS) stock traded 1335293 shares in recent trading session on Thursday. The stock average volume of shares counted at 265.88K shares. At the time of writing DS recent stock price value stands at $6.14. The stock is moving with a change 7.53%. 59.32M shares have been floated in market and 66.01M were outstanding shares. The stock institutional ownership stands with 57.70% while insider ownership held at 5.20%.

Technical Indicators:

The share price is upward to its 52 week low with 59.90% and lagging down from its 52 week high with -23.82%. Beta factor, which is used to measure risk associated with the stock, is stands at 1.71. The volatility in the shares has experienced by 7.52% in past week and observed of 4.63% in the previous month. Analyst recommendation for this stock stands at 3. Now DS has RSI reading of 69.52. The price showed a difference of 14.23% while comparing it with the SMA 20 and distanced at gap of 8.71% from SMA 50 while moved at 5.85% from SMA 200.

Performance Observations:

The stock exposed change of 12.45% in recent week and it showed performance of 23.54% for the month. The stock has year to date performance of 11.03% and has been moved at 17.85% over the last six months and 57.84% throughout last twelve months. The stock has changed 1.99% over the last three months.

Larry Spivey Category – Business

Larry Spivey also covers the business news across all market sectors. He also has an enormous knowledge of stock market.  He holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. Larry previously worked at a number of companies in different role including web developer, software engineer and product manager. He currently covers Business news section.

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