Apogee Enterprises, Inc. (APOG) Forms $44.35 Double Bottom; Cree (CREE) Has 1.14 Sentiment

February 16, 2018 - By Jerrie Dane

Apogee Enterprises, Inc. (APOG) formed double bottom with $40.36 target or 9.00% below today’s $44.35 share price. Apogee Enterprises, Inc. (APOG) has $1.26 billion valuation. The stock increased 0.43% or $0.19 during the last trading session, reaching $44.35. About 6,957 shares traded. Apogee Enterprises, Inc. (NASDAQ:APOG) has risen 21.13% since February 16, 2017 and is uptrending. It has outperformed by 4.43% the S&P500.

Cree, Inc. provides lighting-class light emitting diode , lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. The company has market cap of $3.60 billion. The Company’s Lighting Products segment offers LED lighting systems and bulbs for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, and other applications. It currently has negative earnings. This segment sells its products to distributors, retailers, and customers.

The stock decreased 0.38% or $0.14 during the last trading session, reaching $36.36. About 73,484 shares traded. Cree, Inc. (CREE) has risen 2.53% since February 16, 2017 and is uptrending. It has underperformed by 14.17% the S&P500.

Ratings analysis reveals 50% of Cree’s analysts are positive. Out of 4 Wall Street analysts rating Cree, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $19.0 while the high is $34.0. The stock’s average target of $27 is -25.74% below today’s ($36.36) share price. CREE was included in 4 notes of analysts from August 25, 2016. UBS maintained the stock with “Neutral” rating in Wednesday, October 19 report. Williams Capital Group initiated Cree, Inc. (NASDAQ:CREE) on Friday, September 30 with “Hold” rating. The rating was initiated by JMP Securities with “Mkt Outperform” on Thursday, December 8. Roth Capital initiated Cree, Inc. (NASDAQ:CREE) on Thursday, August 25 with “Buy” rating.

Fairpointe Capital Llc holds 3.3% of its portfolio in Cree, Inc. for 5.91 million shares. Robecosam Ag owns 657,000 shares or 1.43% of their US portfolio. Moreover, Horrell Capital Management Inc. has 1.32% invested in the company for 85,000 shares. The Connecticut-based Amg Funds Llc has invested 1.18% in the stock. Lapides Asset Management Llc, a Connecticut-based fund reported 140,100 shares.

Since January 25, 2018, it had 0 buys, and 1 insider sale for $101,330 activity. 2,229 shares valued at $101,330 were sold by Hays Sara L on Thursday, January 25.

Among 2 analysts covering Apogee Enterprises (NASDAQ:APOG), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Apogee Enterprises had 4 analyst reports since August 26, 2015 according to SRatingsIntel. The stock has “Buy” rating by Zacks on Wednesday, August 26.