Time to Reconsider The Liberty Braves Group (BATRA) After Reaching 52-Week High?

The stock of The Liberty Braves Group (NASDAQ:BATRA) hit a new 52-week high and has $32.04 target or 9.00 % above today’s $29.39 share price. The 6 months bullish chart indicates low risk for the $1.50 billion company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $32.04 price target is reached, the company will be worth $134.64M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.24% or $0.07 during the last trading session, reaching $29.39. About 81,535 shares traded or 130.36% up from the average. The Liberty Braves Group (NASDAQ:BATRA) has risen 14.00% since September 13, 2018 and is uptrending. It has outperformed by 14.00% the S&P500.

More notable recent The Liberty Braves Group (NASDAQ:BATRA) news were published by: Finance.Yahoo.com which released: “Liberty Media Corporation Announces Second Quarter Earnings Release and Conference Call – Yahoo Finance” on July 12, 2019, also Seekingalpha.com with their article: “Tracking Warren Buffett’s Berkshire Hathaway Portfolio – Q2 2016 Update – Seeking Alpha” published on August 16, 2016, Seekingalpha.com published: “Liberty Media Stock: What Happened? – Seeking Alpha” on April 19, 2016. More interesting news about The Liberty Braves Group (NASDAQ:BATRA) were released by: Businesswire.com and their article: “Liberty Media Corporation Proposes Private Offering of Exchangeable Senior Debentures – Business Wire” published on November 26, 2018 as well as Fool.com‘s news article titled: “Why I’m Betting on the Atlanta Braves – The Motley Fool” with publication date: March 21, 2018.

The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, stadium, and mixed use development project. The company has market cap of $1.50 billion. The firm is based in Englewood, Colorado. It has a 107.12 P/E ratio.

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