Stingray Group (TSE:RAY.A) Shares Pass Above 50 Day Moving Average – Time to Sell?

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Shares of Stingray Group (TSE:RAY.A – Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$8.27 and traded as high as C$8.56. Stingray Group shares last traded at C$8.49, with a volume of 13,685 shares. Analyst Upgrades and Downgrades RAY.A [...]

Shares of Stingray Group ( TSE:RAY.A – Get Free Report ) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$8.

27 and traded as high as C$8.56. Stingray Group shares last traded at C$8.



49, with a volume of 13,685 shares. Analyst Upgrades and Downgrades RAY.A has been the topic of a number of recent research reports.

CIBC lifted their target price on Stingray Group from C$11.00 to C$11.50 in a research report on Friday, February 7th.

BMO Capital Markets raised their price target on shares of Stingray Group from C$10.50 to C$11.00 and gave the stock a “market perform” rating in a research note on Friday, February 7th.

Get Our Latest Research Report on Stingray Group Stingray Group Trading Up 1.7 % Insider Activity In related news, Senior Officer Mario Dubois sold 19,800 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of C$8.

43, for a total value of C$166,854.60. Also, Senior Officer Lloyd Perry Feldman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th.

The shares were sold at an average price of C$8.48, for a total transaction of C$84,751.00.

Over the last 90 days, insiders sold 37,800 shares of company stock worth $311,614. Insiders own 25.46% of the company’s stock.

Stingray Group Company Profile ( Get Free Report ) Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely the Broadcasting and commercial music segment and Radio segment.

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