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What’s in The Cato Corporation (CATO) After Forming Bearish Multiple Bottom?

December 8, 2017 - By sdfsdfsdf

Investors sentiment decreased to 1.4 in Q2 2017. Its down 0.01, from 1.41 in 2017Q1. It dived, as 19 investors sold The Cato Corporation shares while 36 reduced holdings. 29 funds opened positions while 48 raised stakes. 20.68 million shares or 3.81% more from 19.92 million shares in 2017Q1 were reported.
D E Shaw & owns 309,222 shares for 0.01% of their portfolio. Sector Pension Inv Board holds 0% or 12,890 shares. Ls Limited Liability Company has 0% invested in The Cato Corporation (NYSE:CATO) for 961 shares. Millennium Mgmt Limited Liability reported 0% of its portfolio in The Cato Corporation (NYSE:CATO). Legal & General Public Limited Co reported 0% in The Cato Corporation (NYSE:CATO). Victory Cap Mgmt Incorporated stated it has 18,215 shares. Northern Trust Corporation holds 0% in The Cato Corporation (NYSE:CATO) or 394,360 shares. Royal Savings Bank Of Canada reported 1,199 shares stake. Shell Asset accumulated 0.01% or 20,930 shares. Burt Wealth Advsrs accumulated 100 shares or 0% of the stock. Robeco Institutional Asset Mgmt Bv stated it has 0.02% in The Cato Corporation (NYSE:CATO). Federated Invsts Inc Pa holds 0% or 405 shares in its portfolio. Dean Investment Associate Limited Liability has 0.87% invested in The Cato Corporation (NYSE:CATO) for 235,932 shares. Rhumbline Advisers holds 0% in The Cato Corporation (NYSE:CATO) or 72,945 shares. Dimensional Fund Lp accumulated 1.85M shares.

Since June 14, 2017, it had 1 insider buy, and 0 selling transactions for $16,760 activity.

The stock of The Cato Corporation (CATO) shows a multiple bottoms pattern with $14.95 target or 5.00 % below today’s $15.74 share price. The 7 months chart pattern indicates high risk for the $380.95 million company. It was reported on Dec, 8 by Finviz.com. If the $14.95 price target is reached, the company will be worth $19.05M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 2.05% or $0.33 during the last trading session, reaching $15.74. About 222,171 shares traded. The Cato Corporation (NYSE:CATO) has declined 41.89% since December 8, 2016 and is downtrending. It has underperformed by 58.59% the S&P500.

More notable recent The Cato Corporation (NYSE:CATO) news were published by: Bizjournals.com which released: “What’s next for Cato Corp. after merchandise missteps” on June 20, 2017, also Charlotteobserver.com with their article: “Charlotte’s Cato Corporation upsets shareholder in blocking LGBT request” published on March 28, 2017, Seekingalpha.com published: “No, Cato Isn’t Cheap Enough” on March 20, 2017. More interesting news about The Cato Corporation (NYSE:CATO) were released by: Usnews.com and their article: “Groups Call on Cato Corporation to Diversify Board” published on May 19, 2017 as well as Bizjournals.com‘s news article titled: “EXCLUSIVE: Lincoln Harris, Cato plan major mixed-use project on former Knights …” with publication date: February 09, 2017.

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