Arrow Electronics, Inc. (ARW) Forms $82.98 Double Top; Revolution Lighting Tech (RVLT) Sellers Decreased By 6.92% Their Shorts

January 4, 2018 - By Annabelle Johnson

Arrow Electronics, Inc. (ARW) formed double top with $88.79 target or 7.00% above today’s $82.98 share price. Arrow Electronics, Inc. (ARW) has $7.30 billion valuation. The stock increased 1.49% or $1.22 during the last trading session, reaching $82.98. About 29,984 shares traded. Arrow Electronics, Inc. (NYSE:ARW) has risen 21.10% since January 4, 2017 and is uptrending. It has outperformed by 4.40% the S&P500.

Revolution Lighting Tech Incorporated (NASDAQ:RVLT) had a decrease of 6.92% in short interest. RVLT’s SI was 2.48M shares in January as released by FINRA. Its down 6.92% from 2.66M shares previously. With 293,800 avg volume, 8 days are for Revolution Lighting Tech Incorporated (NASDAQ:RVLT)’s short sellers to cover RVLT’s short positions. The SI to Revolution Lighting Tech Incorporated’s float is 20.4%. The stock increased 0.96% or $0.03 during the last trading session, reaching $3.16. About 105,013 shares traded. Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) has risen 39.56% since January 4, 2017 and is uptrending. It has outperformed by 22.86% the S&P500.

Among 3 analysts covering Revolution Lighting Technologies (NASDAQ:RVLT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Revolution Lighting Technologies had 6 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) has “Buy” rating given on Friday, July 28 by H.C. Wainwright. The company was maintained on Friday, July 28 by Roth Capital. The company was maintained on Friday, June 30 by Roth Capital. Rodman & Renshaw initiated Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) rating on Wednesday, March 16. Rodman & Renshaw has “Buy” rating and $20 target. As per Tuesday, August 11, the company rating was upgraded by Zacks. The company was maintained on Friday, October 27 by Roth Capital.

Revolution Lighting Technologies, Inc. designs, makes, markets, and sells light emitting diode lighting solutions focusing on the industrial, commercial, and government markets in the United States, Canada, and internationally. The company has market cap of $67.20 million. The firm offers high-quality interior and exterior LED lamps and fixtures, including signage and control systems. It currently has negative earnings. The Company’s products are used for interior use, outdoor use, new fixture installation, retrofit installation, smart grid control systems, and integration of LED technology into custom applications.

Among 10 analysts covering Arrow Electronics Inc. (NYSE:ARW), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Arrow Electronics Inc. has $90.0 highest and $53 lowest target. $67.80’s average target is -18.29% below currents $82.98 stock price. Arrow Electronics Inc. had 17 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Monday, July 17. The stock has “Hold” rating by SunTrust on Tuesday, January 3. The stock has “Buy” rating by Longbow on Friday, January 22. Citigroup downgraded the stock to “Sell” rating in Monday, May 2 report. The stock has “Buy” rating by CLSA on Wednesday, July 29. On Monday, August 31 the stock rating was upgraded by Zacks to “Hold”. The rating was maintained by Goldman Sachs with “Buy” on Monday, May 9. The stock of Arrow Electronics, Inc. (NYSE:ARW) has “Buy” rating given on Monday, March 14 by Goldman Sachs. The rating was downgraded by Suntrust Robinson to “Hold” on Tuesday, January 3. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, September 20.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.23, from 0.92 in 2017Q2. It is positive, as 23 investors sold Arrow Electronics, Inc. shares while 110 reduced holdings. 49 funds opened positions while 104 raised stakes. 80.16 million shares or 1.84% less from 81.66 million shares in 2017Q2 were reported. California Pub Employees Retirement Systems accumulated 286,260 shares. Moreover, Cwm Limited Liability Corporation has 0% invested in Arrow Electronics, Inc. (NYSE:ARW). Tdam Usa has 0.04% invested in Arrow Electronics, Inc. (NYSE:ARW) for 8,521 shares. Nationwide Fund holds 0.05% or 165,913 shares in its portfolio. Savings Bank Of America Corporation De holds 0.01% or 802,501 shares in its portfolio. Aviva Public Limited Company stated it has 56,347 shares or 0.02% of all its holdings. Manufacturers Life The has invested 0.01% in Arrow Electronics, Inc. (NYSE:ARW). Chesley Taft Associates Lc invested 0.11% in Arrow Electronics, Inc. (NYSE:ARW). Endurance Wealth Management Inc reported 200 shares. Cadence Ltd Limited Liability Company holds 2,649 shares or 0.01% of its portfolio. Panagora Asset Mgmt Incorporated reported 0% in Arrow Electronics, Inc. (NYSE:ARW). Ngam Advsrs Lp holds 0.03% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW) for 34,932 shares. Cubist Systematic Strategies Limited Liability Co reported 46,508 shares. Monroe Bancorporation Tru Mi has 145 shares for 0% of their portfolio. Brandes Prns Ltd Partnership holds 0.03% or 19,595 shares in its portfolio.