Griffon Corporation (GFF) Formed Bearish Double Bottom Chart Pattern; Sellers Are Thriving

February 15, 2018 - By Dolores Ford

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.29, from 1.27 in 2017Q2. It dived, as 12 investors sold Griffon Corporation shares while 34 reduced holdings. 15 funds opened positions while 30 raised stakes. 31.80 million shares or 1.72% less from 32.36 million shares in 2017Q2 were reported.
Gabelli Funds Ltd Limited Liability Company accumulated 1.70 million shares. Mason Street Advsr Limited Liability Company has 0% invested in Griffon Corporation (NYSE:GFF). Eaton Vance Mngmt holds 0% or 19,624 shares. Moreover, Goldman Sachs Grp has 0.03% invested in Griffon Corporation (NYSE:GFF) for 5.84 million shares. Swiss Savings Bank stated it has 51,200 shares. Metropolitan Life Insur New York accumulated 20,795 shares. Axa holds 107,720 shares or 0.01% of its portfolio. Northern Tru Corp stated it has 409,064 shares. Prudential stated it has 51,101 shares or 0% of all its holdings. California State Teachers Retirement System reported 46,959 shares or 0% of all its holdings. Sg Americas Limited Liability Corporation reported 0.01% stake. Ahl Ptnrs Ltd Liability Partnership invested 0.01% in Griffon Corporation (NYSE:GFF). Tci Wealth Advsrs Inc owns 42 shares. Louisiana State Employees Retirement stated it has 0.01% of its portfolio in Griffon Corporation (NYSE:GFF). Prtn Limited Liability Company reported 0.04% stake.

Since February 2, 2018, it had 1 buy, and 0 insider sales for $45,825 activity.

The chart of Griffon Corporation (GFF) shows a double bottom with $17.90 target or 7.00 % below today’s $19.25 share price. The 8 months chart pattern indicates high risk for the $849.00M company. It was reported on Feb, 15 by Finviz.com. If the $17.90 price target is reached, the company will be worth $59.43 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 1.03% or $0.2 during the last trading session, reaching $19.25. About 52,715 shares traded. Griffon Corporation (NYSE:GFF) has risen 33.37% since February 15, 2017 and is uptrending. It has outperformed by 16.67% the S&P500.

More notable recent Griffon Corporation (NYSE:GFF) news were published by: Businesswire.com which released: “Griffon Corporation Announces the Acquisition of Harper Brush Works by AMES” on November 06, 2017, also Businesswire.com with their article: “Griffon Corporation Completes Sale of Clopay Plastics to Berry Global for $475 …” published on February 07, 2018, Businesswire.com published: “Griffon Corporation Completes Acquisition of ClosetMaid®” on October 02, 2017. More interesting news about Griffon Corporation (NYSE:GFF) were released by: Businesswire.com and their article: “Griffon Corporation Announces Fourth Quarter and Annual Results” published on November 16, 2017 as well as Businesswire.com‘s news article titled: “Griffon Corporation Declares Quarterly Dividend” with publication date: January 31, 2018.

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