Why Is It Moving? Looking Into Why Newtek Business Services's Stock is Trading Higher Today

The Price And Volume Action In Newtek Business Services's Stock Today

Newtek Business Services NEWT is currently up 3.05% to a price of $27.38. The stock's current volume for the day is 34.76 thousand, which is approximately 22.16% of its previous 30-day average volume of 156.85 thousand.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Newtek Business Services shares are trading higher after Compass Point upgraded the stock from Neutral to Buy and raised its price target from $19.50 to $30 per share.

Further Analysis of Recent Price Action

The 50-day moving average price of Newtek Business Services's stock was $25.07 when this article was published. The stock reached a high of $28.63 and a low of $12.88 in the past 52 weeks.

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