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

SIGNA Sports United (NYSE:SSUGet 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:SSUGet 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

(Get Rating)

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.

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