Cowen Group (NASDAQ:COWN) Given Daily Coverage Optimism Score of 0.56
News articles about Cowen Group (NASDAQ:COWN) have trended very positive on Thursday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cowen Group earned a news sentiment score of 0.56 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Cowen, Inc. breached its 50 day moving average in a Bearish Manner : COWN-US : August 3, 2017 (finance.yahoo.com)
- Investor Network: Cowen Inc. to Host Earnings Call (finance.yahoo.com)
- Cowen and Company Reiterates Buy Rating for Cognizant Technology Solutions Corporation (CTSH) (expressnewsline.com)
- American Airlines’ stock rallies after Cowen raises rating, price target (marketwatch.com)
- Cowen and Company Reaffirms “Outperform” Rating for Amazon.com, Inc (overnewsmagazine.com)
Separately, BidaskClub cut shares of Cowen Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th.
Cowen Group (COWN) traded down 0.32% during midday trading on Thursday, reaching $15.65. 224,419 shares of the company’s stock traded hands. The firm’s 50-day moving average is $16.32 and its 200-day moving average is $15.02. The company’s market capitalization is $427.76 million. Cowen Group has a 1-year low of $11.60 and a 1-year high of $16.95.
In related news, major shareholder Peter A. Cohen sold 194,349 shares of Cowen Group stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $0.39, for a total transaction of $75,796.11. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Peter A. Cohen sold 122,363 shares of Cowen Group stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $0.32, for a total value of $39,156.16. The disclosure for this sale can be found here. Insiders sold 1,049,914 shares of company stock worth $300,237 over the last ninety days. 4.90% of the stock is owned by corporate insiders.
About Cowen Group
Cowen Inc, formerly Cowen Group, Inc, is a financial services company. The Company provides alternative investment management, investment banking, research, sales and trading, and prime brokerage services. It operates through two segments: alternative investment and broker-dealer. The alternative investment segment includes private equity structures, registered investment companies and listed investment vehicles.
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