MGIC Investment Corporation (NYSE:MTG) popped in on a high volume red day. Volume on 09-Jul-19 came in at 6998249 contracts. The daily trading volume has averaged 4788500 shares a day in past 5 days. The first sale was made at $13.58 but later the stock became weaker, and closed with a fall of -1.75%. It was last traded at $13.47 apiece.

MGIC Investment Corporation (MTG): Outperform Candidate With 23.83% Upside Potential

MGIC Investment Corporation is maintained at an average outperform rating by 11 stock analysts, and there are at least 1.44% of shares outstanding that are currently legally short sold. The shares went down by -4.81% in value last month. Year-to-date it jumped 28.78%. Analysts are turning out to be more optimistic than before, with 8 of analysts who cover MGIC Investment Corporation (NYSE:MTG) advice adding it to buy candidate list. Wall Street experts also assign a $16.68 price target on MGIC Investment Corporation, pointing towards a 23.83% rally from current levels. The stock is trading for about -10.02% less than its 52-week high.

MGIC Investment Corporation Reports 0.13% Sales Growth

MGIC Investment Corporation (MTG) remained successful in beating the consensus-estimated $0.39 as it actually earned $0.42 per share in its last reported financial results. Revenue, on the other hand, scored 0.13% growth from the previous quarter, coming up with $286.01 million.

MTG Retreats -0.37% In A Week

This company shares (MTG) so far managed to recover 43.15% since collapsing to its 52-week low. Over a week, it has seen its stock price volatility to stay at 1.78% while widening the period to a month, volatility was 1.9%. The share price has yet to cross its 20 days moving average, floating at a distance of -1% and sits -3.01% lower versus its 50 days moving average. When looking at the past five sessions, the stock returned -0.37% losses and is up by 5.85% compared with its 200-day moving average of $13.06. Also, MGIC Investment Corporation (MTG) needs to expand a 21.57% increase it experienced over the past twelve months.

Best Buy Co., Inc. (NYSE:BBY) Consensus Call At 2.6

As regular trading ended, Best Buy Co., Inc. (BBY) stock brought in a -$0.14 drop to $71.86. The day started at a price of $71.67 but then traded as high as $72.32 before giving part of the gains back. As for this week, analysts appear content to stick with their neutral outlook with the consensus call at 2.6. Best Buy Co., Inc. is given 6 buy-equivalent recommendations, 0 sells and 18 holds. The company shares sank -14.83% from their peak of $84.37 and now has a $18.84 billion market value of equity.

Best Buy Co., Inc. Could Grow 6.51% More

BBY’s mean recommendation on Reuter’s scale improved from 2.48 thirty days ago to 2.5 now, which indicates a hold consensus from the analyst community. They see Best Buy Co., Inc. (BBY) price hitting a mean target of $76.54 a share, meaning the stock still has potential that could lift the price another 6.51% . Also, the recent close suggests the stock is underpriced by 25.24% compared to the most bullish target.

Best Buy Co., Inc. (BBY) Returns 35.69% This Year

The company had seen its current volume reaching at 3602225 shares in the last trade. That compares with the recent volume average of 2206060. At the close of regular trading, its last week’s stock price volatility was 2.13% which for the month reaches 1.5%. Best Buy Co., Inc. dipped to as low as $71.5 throughout the day and has returned 35.69% in this year. At one point in the past year, the shares traded as low as $47.72 but has recovered 50.59% since then. [T4]