Tuesday Morning Corporation (NASDAQ:TUES) produced a 43.75% rally since recording the worst price of $1.6. Thanks to the latest 9.52% increase, it now trades at $2.3. Throughout the trading on Sep. 13, 2017, the share price floated between $2.1 and $2.35. This company shares are 6.52% off its target price of $2.45 and the current market capitalization stands at $101.31M. The recent change has given its price a 21.08% lead over SMA 50 and -64.67% deficit over its 52-week high. The stock witnessed 29.58% gains, 15% gains and -33.33% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TUES’s volatility during a week at 7.34% and during a month it has been found around 7.96%.Tuesday Morning Corporation (TUES) Top Holders
Institutional investors currently hold around $76 million or 81.3% in TUES stock. Look at its top three institutional owners. Price T Rowe Associates Inc /Md/ owns $14.31 million in Tuesday Morning Corporation, which represents roughly 14.12% of the company’s market cap and approximately 18.83% of the institutional ownership. Similar statistics are true for the second largest owner, Par Capital Management Inc, which owns 4,438,200 shares of the stock are valued at $9.32 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $7.94 million worth of this stock and that ownership represents nearly 7.83% of its market capitalization.Tuesday Morning Corporation 13F Filings
At the end of 6/30/2017 reporting period, 40 institutional holders increased their position in Tuesday Morning Corporation (NASDAQ:TUES) by some 7,282,692 shares, 78 decreased positions by 12,755,689 and 11 held positions by 16,182,933. That puts total institutional holdings at 36,221,314 shares, according to SEC filings. The stock grabbed 21 new institutional investments totaling 3,437,037 shares while 51 institutional investors sold out their entire positions totaling 3,000,504 shares.
Multiple company employees have indulged in significant insider trading. Tuesday Morning Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, Store Operations Hixon Phillip D. has sold 1,850 shares of Tuesday Morning Corporation (TUES) in trading session dated Sep. 05, 2017. These shares are worth $3,830 and were traded at $2.07 each. The SEC filing shows that Hixon Phillip D. performed a sale of 117 shares. The EVP, Store Operations disposed these shares by way of transaction on Aug. 28, 2017. The company’s shares were given away at $2.05 per share worth to an income of some $240 on account of Hixon Phillip D..
CEO, Becker Steven R, purchased 100,000 common shares of Tuesday Morning Corporation (TUES) in the open market. In a transaction dated Jun. 05, 2017, the shares were bought at an average price of $1.73, giving away a sum of $173,000. After this purchase, 743,137 common shares of TUES are directly owned by the insider, with total stake valued at $1,709,215.
In the transaction dated May. 26, 2017, the great number of shares acquired came courtesy the EVP, CFO, Treasurer; Shirley Stacie added a total of 10,000 shares at an average price of $1.85, amounting to approximately $18,500. The insider now directly owns 85,483 shares worth $196,611.Tuesday Morning Corporation (TUES) Analyst Guide
Several analysts have released their opinion on Tuesday Morning Corporation (NASDAQ:TUES), with 0 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.