What’s Propelling CommerceHub, Inc. (CHUBK) to Reach 52-Week High?

May 17, 2018 - By Lindsey Sherman

The stock of CommerceHub, Inc. (NASDAQ:CHUBK) hit a new 52-week high and has $23.41 target or 3.00 % above today’s $22.73 share price. The 9 months bullish chart indicates low risk for the $992.59M company. The 1-year high was reported on May, 17 by Barchart.com. If the $23.41 price target is reached, the company will be worth $29.78 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock 0.02% or $0 during the last trading session, reaching $22.73. It is down 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Another recent and important CommerceHub, Inc. (NASDAQ:CHUBK) news was published by Nasdaq.com which published an article titled: “CommerceHub Announces First Quarter 2018 Financial Results” on May 08, 2018.

CommerceHub, Inc., together with its subsidiaries, provides cloud e-commerce fulfillment and marketing solutions for large retailers and consumer brands, manufacturers, and distributors in the United States and Canada. The company has market cap of $992.59 million. The firm provides supply solutions, which enable its retailer clients to communicate electronically with their drop-ship suppliers; and demand solutions that allow sellers to upload their entire product catalog to platform and then transform and syndicate that product catalog to a range of e-commerce demand channels to facilitate consumer demand generation. It has a 103.32 P/E ratio. It also offers solutions for enhanced delivery experience, which helps retailers and suppliers enhance their consumer delivery networks through the application of algorithms that optimize shipping decisions and allocate physical product inventory across fulfillment locations.

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