Graf Industrial Corp. (NYSE:GRAF) has seen 1,961,053 shares traded in the recent trading session. The company, currently valued at $499.72 Million, closed the recent trade at $16.5 per share which meant it gained $1.4 on the day or 9.33% during that session. The GRAF stock price is -8.67% off its 52-week high price of $17.93 and 40.18% above the 52-week low of $9.87. If we look at the company’s 10-day average daily trading volume, we find that it stood at 706.93 Million shares traded. The 3-month trading volume is 148.97 Million shares.
Graf Industrial Corp. (NYSE:GRAF) trade information
Sporting 10.53% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the GRAF stock price touched $17.93- or saw a rise of 5.97%. Year-to-date, Graf Industrial Corp. shares have moved 65.46%, while the 5-day performance has seen it change 35.86%. Over the past 30 days, the shares of Graf Industrial Corp. (NYSE:GRAF) have changed 62.27%. Short interest in the company has seen 154.24 Million shares shorted with days to cover at 1.04.
Graf Industrial Corp. (GRAF) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest -439.6% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Graf Industrial Corp. (NYSE:GRAF)’s Major holders
Insiders own 5.86% of the company shares, while shares held by institutions stand at 96.21% with a share float percentage of 102.2%. Investors are also buoyed by the number of investors in a company, with Graf Industrial Corp. having a total of 39 institutions that hold shares in the company. The top two institutional holders are Glazer Capital LLC with over 3.88 Million shares worth more than $39.5 Million. As of March 30, 2020, Glazer Capital LLC held 12.75% of shares outstanding.
The other major institutional holder is Magnetar Financial LLC, with the holding of over 2.53 Million shares as of March 30, 2020. The firm’s total holdings are worth over $25.68 Million and represent 8.29% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Merger Fund, The and JNL Series Trust-JNL/Multi Manager Alternative Fund. As of March 30, 2020, the former fund manager holds about 3.4% shares in the company for having 1034606 shares of worth $10.52 Million while later fund manager owns 210.58 Thousand shares of worth $2.14 Million as of March 30, 2020, which makes it owner of about 0.69% of company’s outstanding stock.