PowerShares KBW Bank ETF (KBWB) Forms $57.20 Double Top; Verisign (VRSN) Shorts Down By 6.75%

VeriSign, Inc. (NASDAQ:VRSN) Logo

PowerShares KBW Bank ETF (KBWB) formed double top with $60.06 target or 5.00% above today’s $57.20 share price. PowerShares KBW Bank ETF (KBWB) has $1.17B valuation. The ETF increased 0.76% or $0.43 during the last trading session, reaching $57.2. About 1.08 million shares traded or 114.91% up from the average. PowerShares KBW Bank ETF (NASDAQ:KBWB) has risen 16.07% since May 11, 2017 and is uptrending. It has outperformed by 4.52% the S&P500.

Verisign Inc (NASDAQ:VRSN) had a decrease of 6.75% in short interest. VRSN’s SI was 13.76M shares in May as released by FINRA. Its down 6.75% from 14.76M shares previously. With 1.34M avg volume, 10 days are for Verisign Inc (NASDAQ:VRSN)’s short sellers to cover VRSN’s short positions. The SI to Verisign Inc’s float is 17.55%. The stock increased 1.02% or $1.26 during the last trading session, reaching $124.59. About 619,529 shares traded. VeriSign, Inc. (NASDAQ:VRSN) has risen 35.08% since May 11, 2017 and is uptrending. It has outperformed by 23.53% the S&P500.

Among 6 analysts covering VeriSign (NASDAQ:VRSN), 1 have Buy rating, 2 Sell and 3 Hold. Therefore 17% are positive. VeriSign had 19 analyst reports since July 27, 2015 according to SRatingsIntel. On Thursday, April 5 the stock rating was maintained by Cowen & Co with “Hold”. The stock of VeriSign, Inc. (NASDAQ:VRSN) has “Hold” rating given on Friday, October 27 by Cowen & Co. As per Friday, October 2, the company rating was maintained by Cowen & Co. The rating was maintained by Citigroup on Monday, April 30 with “Neutral”. Robert W. Baird maintained VeriSign, Inc. (NASDAQ:VRSN) rating on Friday, March 16. Robert W. Baird has “Hold” rating and $125.0 target. On Monday, July 27 the stock rating was maintained by Topeka Capital Markets with “Buy”. Robert W. Baird maintained it with “Hold” rating and $112.0 target in Thursday, October 26 report. The stock has “Hold” rating by Cowen & Co on Friday, February 9. The stock has “Neutral” rating by Citigroup on Friday, October 27. The rating was upgraded by Citigroup on Wednesday, April 12 to “Neutral”.

VeriSign, Inc. provides domain name registry services and Internet security worldwide. The company has market cap of $12.09 billion. The firm offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, and .name domain names, as well as the back-end systems for .gov, .jobs, .edu, and other domain names. It has a 33.86 P/E ratio. The Company’s registry services allow individuals and organizations to establish their online identities.

Investors sentiment increased to 0.13 in 2017 Q4. Its up 0.13, from 0 in 2017Q3. It increased, as 28 investors sold VeriSign, Inc. shares while 2 reduced holdings. 3 funds opened positions while 1 raised stakes. 78.09 million shares or 97.38% more from 39.56 million shares in 2017Q3 were reported. National Bank Of Nova Scotia holds 0.04% in VeriSign, Inc. (NASDAQ:VRSN) or 2.54 million shares. Hbk Investments L P accumulated 0.62% or 19.75M shares. Commercial Bank Of New York Mellon stated it has 656,000 shares or 0% of all its holdings. The Pennsylvania-based Penn has invested 0.05% in VeriSign, Inc. (NASDAQ:VRSN). Hudson Bay Cap Management Lp reported 22.16M shares. State Street owns 32.78 million shares for 0.01% of their portfolio. Platinum Inv holds 0.02% or 5,600 shares in its portfolio.

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