SIGNA Sports United (NYSE:SSU) Shares Gap Up to $4.94

SIGNA Sports United (NYSE:SSU – Get Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $4.94, but opened at $5.20. SIGNA Sports United shares last traded at $5.20, with a volume of 2 shares trading hands.

Wall Street Analyst Weigh In

Separately, Citigroup assumed coverage on SIGNA Sports United in a research note on Tuesday, December 13th. They issued a “neutral” rating and a $6.20 target price for the company.

SIGNA Sports United Price Performance

The business has a 50-day simple moving average of $5.21 and a two-hundred day simple moving average of $5.59.

Institutional Trading of SIGNA Sports United

An institutional investor recently bought a new position in SIGNA Sports United stock. Goldman Sachs Group Inc. purchased a new stake in SIGNA Sports United (NYSE:SSU – Get Rating) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,212 shares of the company’s stock, valued at approximately $73,000. 11.63% of the stock is owned by hedge funds and other institutional investors.

SIGNA Sports United Company Profile

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SIGNA Sports United N.V. operates online sports web shops in the European Union, Switzerland, Norway, the United Kingdom, and the United States. Its product categories include bike, tennis/racket sports, outdoor, and team sports and athleisure. The company is headquartered in Berlin, Germany.