Yahoo Finanza Perion Network Shares Are Under Heavy Demand
Perion Shares Attract Big Money
So, what’s Big Money? Said simply, that’s when a stock pushes higher alongside chunky volumes. It’s indicative of institutions betting on the shares.
Smart money managers are always looking for the next up-trending stock. And PERI has many fundamental qualities that are attractive.
But how the shares have been trading points to strong investor appetite. As I’ll show you, the Big Money has been consistent in the shares.
Each green bar signals big trading volumes as the stock ramped in price:
In 2023 alone the shares attracted 9 unusual buy signals. Demand for the stock has been high. Those repeated green bars could mean more upside is ahead.
Now, let’s check out the fundamental action grabbing my attention:
Perion Network Fundamental Analysis
Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is supportive too. As you can see, PERI grew sales double digits on a 1-year basis. The firm is expected to grow EPS at a healthy clip too. Take a look:
1-year sales growth rate (+33.8%)
1-year estimated EPS growth rate (+8.1%)
Source: FactSet
Marrying strong fundamentals with technically superior stocks is a winning recipe over the long-term.
In fact, PERI has been a top-rated stock multiple times at my research firm, MAPsignals. That means the stock has buy pressure and healthy fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
Follow the Big Money.
Perion Network Price Prediction
The Perion Network rally could have further to go. Healthy buying in the shares is signaling to take notice. Shares could be positioned for further upside.
Disclosure: the author holds no position in PERI at the time of publication.
Learn more about the MAPsignals process here.
Contact
https://mapsignals.com/contact/
This article was originally posted on FX Empire
