• Return to Headlines

Greenhill & Co Looks to Continue to Trade Below its Annual-Low Share Price Today

By Amy Schwartz

Shares of Greenhill & Co (NYSE:GHL) traded at a new 52-week low today of $14.75. Approximately 160,000 shares have changed hands today, as compared to an average 30-day volume of 526,000 shares.

Greenhill & Co., Inc is an independent investment bank. The Company focuses on providing financial advice on mergers, acquisitions, restructuring, financing, and capital raising to corporations, partnerships, institutions, and governments. Greenhill & Co. has offices throughout the world.

Greenhill & Co has overhead space with shares priced $14.80, or 26.0% below the average consensus analyst price target of $20.00. The stock should find initial resistance at its 50-day moving average (MA) of $21.63 and further resistance at its 200-day MA of $27.08.

In the past 52 weeks, shares of Greenhill & Co have traded between the current low of $14.75 and a high of $32.45 and are now at $14.80. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Greenhill & Co on May 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $25.17. Since that call, shares of Greenhill & Co have fallen 40.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows Greenhill & Co

Ticker(s): GHL