Griffon Corporation (GFF)’s Stock Formed A Several Months Double Bottom Chart Pattern

February 15, 2018 - By Michael Collier

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.29, from 1.27 in 2017Q2. It worsened, as 12 investors sold Griffon Corporation shares while 34 reduced holdings. 15 funds opened positions while 30 raised stakes. 31.80 million shares or 1.72% less from 32.36 million shares in 2017Q2 were reported.
Pnc Fin Group Inc reported 0% of its portfolio in Griffon Corporation (NYSE:GFF). Sg Americas Secs Ltd Liability Corporation holds 0.01% of its portfolio in Griffon Corporation (NYSE:GFF) for 34,613 shares. Schwab Charles Investment Mgmt Inc accumulated 262,216 shares or 0.01% of the stock. Moreover, Geode Capital Mgmt Lc has 0% invested in Griffon Corporation (NYSE:GFF) for 256,995 shares. The Wisconsin-based Mason Street Advsrs Ltd Liability has invested 0% in Griffon Corporation (NYSE:GFF). State Common Retirement Fund holds 31,200 shares. Credit Suisse Ag has 0% invested in Griffon Corporation (NYSE:GFF). Aqr Capital Llc accumulated 0% or 14,946 shares. Art Advsr Limited Liability Corp stated it has 19,422 shares. 8,926 are owned by Victory Mngmt. Riverhead Capital Mgmt Limited Co has invested 0% in Griffon Corporation (NYSE:GFF). 26,681 were reported by Citigroup Inc. Metropolitan Life Insur Company holds 0% or 20,795 shares in its portfolio. Eaton Vance invested in 0% or 19,624 shares. Blackrock invested in 3.69 million shares.

Since February 2, 2018, it had 1 buying transaction, and 0 selling transactions for $45,825 activity.

The chart of Griffon Corporation (GFF) shows a double bottom with $17.90 target or 7.00 % below today’s $19.25 share price. The 8 months chart pattern indicates high risk for the $849.00M company. It was reported on Feb, 15 by Finviz.com. If the $17.90 price target is reached, the company will be worth $59.43 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 1.03% or $0.2 during the last trading session, reaching $19.25. About 52,715 shares traded. Griffon Corporation (NYSE:GFF) has risen 33.37% since February 15, 2017 and is uptrending. It has outperformed by 16.67% the S&P500.

More notable recent Griffon Corporation (NYSE:GFF) news were published by: Marketwatch.com which released: “Griffon Corp.” on May 04, 2017, also Businesswire.com with their article: “Griffon Corporation Announces the Acquisition of Kelkay Limited (UK) by AMES” published on February 13, 2018, Businesswire.com published: “Griffon Corporation to Sell Clopay Plastic Products to Berry Global for $475 …” on November 16, 2017. More interesting news about Griffon Corporation (NYSE:GFF) were released by: Businesswire.com and their article: “Griffon Corporation Announces the Acquisition of La Hacienda by AMES” published on July 31, 2017 as well as Businesswire.com‘s news article titled: “Griffon Corporation Completes Acquisition of ClosetMaid®” with publication date: October 02, 2017.

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