What’s Propelling Sunshine Heart Inc (CHFS) to Reach 1 Year Low?

October 12, 2017 - By Migdalia James

The stock of Sunshine Heart Inc (NASDAQ:CHFS) hit a new 52-week low and has $0.46 target or 4.00 % below today’s $0.48 share price. The 8 months bearish chart indicates high risk for the $7.03 million company. The 1-year low was reported on Oct, 12 by Barchart.com. If the $0.46 price target is reached, the company will be worth $281,200 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 14.61% or $0.082 during the last trading session, reaching $0.48. About 1.59M shares traded or 300.31% up from the average. Sunshine Heart Inc (NASDAQ:CHFS) has 0.00% since October 12, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent Sunshine Heart Inc (NASDAQ:CHFS) news were published by: Globenewswire.com which released: “Sunshine Heart Receives Nasdaq Compliance Determination” on May 05, 2017, also Globenewswire.com with their article: “Sunshine Heart to Announce Fourth Quarter 2016 Results on March 2, 2017” published on February 23, 2017, Seekingalpha.com published: “Sunshine Heart ‘Dances With Wolves'” on December 30, 2016. More interesting news about Sunshine Heart Inc (NASDAQ:CHFS) were released by: Globenewswire.com and their article: “Sunshine Heart Provides Update on US Pivotal Study of C-Pulse(R) Heart Assist …” published on March 06, 2015 as well as Globenewswire.com‘s news article titled: “Sunshine Heart Announces Company Name Change to CHF Solutions, Inc. and New …” with publication date: May 23, 2017.

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