Is General Communication, Inc. (GNCMA) a Buy? The Stock Reaches All-Time High Today

July 17, 2017 - By Maria Brooks

Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.16, from 1 in 2016Q3. It worsened, as 10 investors sold General Communication, Inc. shares while 45 reduced holdings. 21 funds opened positions while 25 raised stakes. 20.27 million shares or 4.48% less from 21.22 million shares in 2016Q3 were reported.
Voya Investment Lc, Georgia-based fund reported 12,882 shares. Goldman Sachs Gp Incorporated owns 148,725 shares for 0% of their portfolio. Ny State Teachers Retirement Sys has invested 0% of its portfolio in General Communication, Inc. (NASDAQ:GNCMA). Metropolitan Life Ins Ny holds 0% or 17,213 shares. Wells Fargo & Communications Mn owns 59,176 shares for 0% of their portfolio. Deutsche Commercial Bank Ag has 0% invested in General Communication, Inc. (NASDAQ:GNCMA). Bridgeway Cap Mgmt Incorporated holds 0% of its portfolio in General Communication, Inc. (NASDAQ:GNCMA) for 12,300 shares. Blackrock Management Ltd Liability Corp has invested 0% in General Communication, Inc. (NASDAQ:GNCMA). Cornerstone Capital Management Ltd Liability Com holds 0.03% or 201,262 shares. Millennium Mngmt Ltd Limited Liability Company has invested 0% in General Communication, Inc. (NASDAQ:GNCMA). State Board Of Administration Of Florida Retirement holds 39,289 shares. 5,807 were reported by Mason Street Advsr Ltd Liability. Great West Life Assurance Can reported 36,089 shares. Susquehanna Int Grp Ltd Liability Partnership holds 50,984 shares. 10,700 are held by Louisiana State Employees Retirement Systems.

Since April 4, 2017, it had 0 insider buys, and 5 sales for $1.95 million activity. BEHNKE WILLIAM C sold $620,000 worth of stock. The insider GLASGOW WILLIAM PARKER sold $562,650. $278,925 worth of General Communication, Inc. (NASDAQ:GNCMA) shares were sold by Mooney Stephen R.

The stock of General Communication, Inc. (NASDAQ:GNCMA) reached all time high today, Jul, 17 and still has $41.54 target or 8.00 % above today’s $38.46 share price. This indicates more upside for the $1.40B company. This technical setup was reported by Barchart.com. If the $41.54 PT is reached, the company will be worth $112.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 86,015 shares traded. General Communication, Inc. (NASDAQ:GNCMA) has risen 135.42% since July 17, 2016 and is uptrending. It has outperformed by 118.72% the S&P500.

More news for General Communication, Inc. (NASDAQ:GNCMA) were recently published by: Fool.com, which released: “General Communication Loses Subscribers Prior to Merger” on May 05, 2017. Businesswire.com‘s article titled: “Liberty Interactive Enters into Agreement to Acquire General Communication …” and published on April 04, 2017 is yet another important article.

General Communication, Inc. is a holding company. The company has market cap of $1.40 billion. The Company, together with its subsidiaries, is a communications well-known provider with activities primarily in the State of Alaska. It currently has negative earnings. The Firm provides a range of wireless, data, video, voice and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under its GCI brand.

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