Pearson plc (PSO) Surges to 52-Week High, Is Now Top Performer

April 17, 2018 - By Louis Casey

Pearson plc (NYSE:PSO) Logo

The stock of Pearson plc (NYSE:PSO) hit a new 52-week high and has $11.49 target or 4.00 % above today’s $11.05 share price. The 8 months bullish chart indicates low risk for the $8.52 billion company. The 1-year high was reported on Apr, 17 by If the $11.49 price target is reached, the company will be worth $340.68M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.10% or $0.12 during the last trading session, reaching $11.05. About 856,093 shares traded or 175.37% up from the average. Pearson plc (NYSE:PSO) has risen 34.05% since April 17, 2017 and is uptrending. It has outperformed by 22.50% the S&P500.

Pearson plc provides educational materials and learning technologies for teachers and students worldwide. The company has market cap of $8.52 billion. It operates through North America, Growth, and Core divisions. It has a 15.72 P/E ratio. The firm offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

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