Is Selling Stock Like Cushman & Wakefield plc (CWK) After This Double Bottom Chart Pattern Winning Strategy?

September 8, 2018 - By Victoria Pittman

The chart of Cushman & Wakefield plc (CWK) shows a double bottom with $16.50 target or 8.00 % below today’s $17.94 share price. The 7 months chart pattern indicates high risk for the $3.87B company. It was reported on Sep, 8 by Finviz.com. If the $16.50 price target is reached, the company will be worth $309.68 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.50% or $0.09 during the last trading session, reaching $17.94. About 846,825 shares traded. Cushman & Wakefield plc (NYSE:CWK) has 0.00% since September 8, 2017 and is . It has underperformed by 12.57% the S&P500.

More notable recent Cushman & Wakefield plc (NYSE:CWK) news were published by: Seekingalpha.com which released: “Cushman & Wakefield (CWK) CEO Brett White on Q2 2018 Results – Earnings Call Transcript” on September 07, 2018, also Seekingalpha.com with their article: “US IPO Week Ahead: One SPAC Expected To Price During The Thick Of The Annual August Slowdown” published on August 25, 2018, Bizjournals.com published: “How Orlando Magic’s future $200M entertainment complex may affect rental rates” on September 07, 2018. More interesting news about Cushman & Wakefield plc (NYSE:CWK) were released by: Streetinsider.com and their article: “UPDATE: Cushman & Wakefield plc (CWK) Posts In-Line Q2 EPS, Revenues In-Line” published on September 05, 2018 as well as Seekingalpha.com‘s news article titled: “Cushman & Wakefield -1.77% after reporting first quarter after IPO” with publication date: September 05, 2018.

Cushman & Wakefield plc provides commercial real estate services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company has market cap of $3.87 billion. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services. It currently has negative earnings. The firm also provides owner representation and tenant representation leasing services; capital market services, such as investment sales and equity, debt, and structured financing for real estate purchase and sales transactions; and appraisal management, investment management, valuation advisory, portfolio advisory, diligence advisory, dispute analysis and litigation support, financial reporting, and property and/or portfolio valuation services on real estate debt and equity decisions.

Cushman & Wakefield plc (NYSE:CWK) Ratings Chart

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