These are Rare Buy Opportunity? Truist Financial Corporation (TFC) and Change Healthcare Inc. (CHNG)

The recent price movement of TFC means that it is now down by -3.14% from its 52-week high and 23.86% up against its 52-week low prices. Over the past one week, the price volatility of TFC stands at 1.30% while the volatility over the past one month is 1.26%. The beta score for this stock is 1.15. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 10/17/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.97 earnings per share (EPS) during that period. This report was below the expectations of analysts of 1.04 by -0.07. The revenue by the firm was 3.6B for the quarter.

The shares of Truist Financial Corporation (TFC) dropped by -2.18%, leading to a loss of -$1.23 per share, and saw TFC end the trading session at $55.13 on Wednesday 01/15/20. TFC started the trading session at $55.91, before reaching a daily high of $56.12. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $54.90.

The trading volume on Wednesday stood at 5873597, which was below the stock’s 3-month average volume of 5.46 million shares, out of a total 1.33B shares. As the price of the stock dipped, the market valuation of the company dropped to 74.24 billion.

The shares of Change Healthcare Inc. (NASDAQ: CHNG) went down by -2.06% by the end of the recent trading session. This movement saw its price plunge to close at $16.16, which was lower than the previous closing price of $16.50. Over the past one week, the price of CHNG has jumped by 1.89%, while it has recorded a gain of 18.22% over the past one month. Its three-month performance saw CHNG gain 26.84% while its six-month performance saw it surge by 15.35%. The situation is different though over year-to-date (YTD) price performance slipped by -1.40%. The stock price has gone up by +29.28% compared to its 90-day low, while it is down -4.94% compared to its 90-day high price.

Several brokerage firms sent out their reports CHNG stock not long ago. In its report sent out on December 20, 2019, Raymond James lowered its ratings on CHNG to a Outperform. In an earlier report on November 22, 2019, RBC Capital Mkts Initiated the stock to a Outperform. Deutsche Bank meanwhile in its report on September 26, 2019 Initiated its rating of the stock to “Buy”.

In a recent SEC filing, the company revealed that 133 institutions currently hold the CHNG stock. In the last quarter, a 116,083,916 CHNG shares were in the possession of institutions. On the other hand, the company recorded 55 new institutions who bought it their stock, while 29 institutions sold their entire CHNG reserve. Of the current institutions investing in the stock, 77 increased their investment while 51 decreased their investment in the stock.