On Tap for This Week: L Brands, Inc. (LB), Penn National Gaming, Inc. (PENN)?

L Brands, Inc. (NYSE:LB) average daily volatility for this week is 6.86% which is more than the 5.72% recorded over the past month. Its shares dropped by -50.44% or -$26.93 from its last recorded high of $53.39 which it attained on January 24 to close at $26.46 per share. Over the past 52 weeks, the shares of L Brands, Inc. has been trading as low as $23.71 before witnessing a massive surge by 11.6% or $2.75. This price movement has led to the LB stock receiving more attention and has become one to watch out for. It dipped by -1.96% on Sunday and this got the market worried. The stock’s beta now stands at 0.56 and when compared to its 200-day moving average and its 50-day moving average, LB price stands -18.65% below and -15.04% below respectively.

L Brands, Inc. (LB) sank -4.51% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -45.25% and is now up by 3.08% since start of this year. A look at its monthly performance shows that the stock has recorded a -16.48% fall over the past 30 days. Its equity price dipped by -7.22% over the past three months which led to its overall six-month decrease to stand at -18.18%.

A look at LB technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 38.08 point. Its trading volume has lost -1284211 shares compared to readings over the past three months as it recently exchanged 4385789 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 5670000 shares, and this is 0.77 times the normal volume.

Analysts have predicted a price target for Penn National Gaming, Inc. (PENN) for 1 year and it stands at an average $31/share. This means that it would likely increase by 24.7% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $23. On the other hand, one analyst is super bullish about the price, setting a target as high as $36.

Analysts view Penn National Gaming, Inc. (NASDAQ:PENN) as a Buy, with 0 consensus rating. Reuters surveyed 11 analysts that follow PENN and found that 3 of those analysts rated the stock as a Hold. The remaining 8 were divided, with 8 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Penn National Gaming, Inc. (PENN) shares or sell it if they already own it.