Cree, Inc. (CREE) Reaches $24.49 After 9.00% Up Move; Leading Brands (LBIX) Shorts Increased By 2.26%

June 20, 2017 - By Henry Gaston

The stock of Cree, Inc. (NASDAQ:CREE) is a huge mover today! About 99,056 shares traded. Cree, Inc. (NASDAQ:CREE) has risen 2.53% since June 20, 2016 and is uptrending. It has underperformed by 14.17% the S&P500.The move comes after 9 months positive chart setup for the $2.40 billion company. It was reported on Jun, 20 by Barchart.com. We have $26.69 PT which if reached, will make NASDAQ:CREE worth $216.00M more.

Leading Brands Incorporated (NASDAQ:LBIX) had an increase of 2.26% in short interest. LBIX’s SI was 45,200 shares in June as released by FINRA. Its up 2.26% from 44,200 shares previously. With 15,200 avg volume, 3 days are for Leading Brands Incorporated (NASDAQ:LBIX)’s short sellers to cover LBIX’s short positions. The SI to Leading Brands Incorporated’s float is 2.15%. It is 0.26% or $0 reaching $1.79 per share. It is down 3.99% since June 20, 2016 and is uptrending. It has underperformed by 12.71% the S&P500.

Analysts await Cree, Inc. (NASDAQ:CREE) to report earnings on August, 15. They expect $-0.09 earnings per share, down 250.00% or $0.15 from last year’s $0.06 per share. After $-0.11 actual earnings per share reported by Cree, Inc. for the previous quarter, Wall Street now forecasts -18.18% EPS growth.

Investors sentiment decreased to 0.84 in Q4 2016. Its down 0.05, from 0.89 in 2016Q3. It dropped, as 28 investors sold Cree, Inc. shares while 87 reduced holdings. 35 funds opened positions while 62 raised stakes. 81.79 million shares or 0.87% less from 82.51 million shares in 2016Q3 were reported. Northern has 813,667 shares. Blackrock Institutional Communications Na owns 2.94 million shares or 0.01% of their US portfolio. Riverbridge Prtnrs holds 0.03% or 52,052 shares in its portfolio. Fairfield Bush & holds 0.18% of its portfolio in Cree, Inc. (NASDAQ:CREE) for 21,033 shares. Moreover, Credit Suisse Ag has 0% invested in Cree, Inc. (NASDAQ:CREE) for 148,923 shares. Commonwealth Equity Ser Inc invested 0% of its portfolio in Cree, Inc. (NASDAQ:CREE). Louisiana State Employees Retirement System has 24,700 shares for 0.03% of their portfolio. Stephens Incorporated Ar accumulated 20,635 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 3,542 shares in its portfolio. Retirement System Of Alabama holds 0.02% in Cree, Inc. (NASDAQ:CREE) or 128,753 shares. Blackrock Advsrs Limited Liability Corporation holds 58,032 shares or 0% of its portfolio. Earnest Ptnrs Ltd Liability reported 38 shares stake. New York-based Tower Rech Capital Ltd Llc (Trc) has invested 0% in Cree, Inc. (NASDAQ:CREE). Reliance Trust Company Of Delaware accumulated 20,706 shares. Mason Street Limited Liability reported 0.03% in Cree, Inc. (NASDAQ:CREE).

Among 14 analysts covering Cree Inc. (NASDAQ:CREE), 4 have Buy rating, 1 Sell and 9 Hold. Therefore 29% are positive. Cree Inc. had 24 analyst reports since August 12, 2015 according to SRatingsIntel. JMP Securities downgraded the shares of CREE in report on Thursday, February 9 to “Mkt Perform” rating. The stock of Cree, Inc. (NASDAQ:CREE) has “Hold” rating given on Friday, September 23 by Canaccord Genuity. As per Friday, February 5, the company rating was downgraded by JP Morgan. The firm has “Buy” rating given on Thursday, August 25 by Roth Capital. The rating was initiated by Williams Capital Group on Friday, September 30 with “Hold”. The stock of Cree, Inc. (NASDAQ:CREE) earned “Mkt Outperform” rating by JMP Securities on Thursday, December 8. The stock of Cree, Inc. (NASDAQ:CREE) has “Hold” rating given on Friday, July 15 by Deutsche Bank. Pacific Crest initiated Cree, Inc. (NASDAQ:CREE) on Friday, May 13 with “Sector Perform” rating. On Wednesday, August 17 the stock rating was maintained by Goldman Sachs with “Sell”. The firm has “Equal-Weight” rating by Stephens given on Wednesday, October 19.

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