SecureWorks Corp. (SCWX) Reaches $9.20 After 4.00% Down Move; Bellecapital International LTD Increased By $881,860 Its Alibaba Group Hldg LTD (BABA) Stake

December 5, 2017 - By Richard Conner

The stock of SecureWorks Corp. (NASDAQ:SCWX) is a huge mover today! The stock decreased 3.36% or $0.32 during the last trading session, reaching $9.2. About 74,335 shares traded. SecureWorks Corp. (NASDAQ:SCWX) has declined 20.57% since December 5, 2016 and is downtrending. It has underperformed by 37.27% the S&P500.The move comes after 9 months negative chart setup for the $745.89 million company. It was reported on Dec, 5 by Barchart.com. We have $8.83 PT which if reached, will make NASDAQ:SCWX worth $29.84 million less.

Bellecapital International Ltd increased Alibaba Group Hldg Ltd (BABA) stake by 15.63% reported in 2017Q2 SEC filing. Bellecapital International Ltd acquired 6,299 shares as Alibaba Group Hldg Ltd (BABA)’s stock rose 22.58%. The Bellecapital International Ltd holds 46,595 shares with $6.57M value, up from 40,296 last quarter. Alibaba Group Hldg Ltd now has $435.58 billion valuation. The stock increased 0.34% or $0.57 during the last trading session, reaching $170.15. About 24.66 million shares traded or 34.54% up from the average. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since December 5, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 36 analysts covering Alibaba (NYSE:BABA), 34 have Buy rating, 1 Sell and 1 Hold. Therefore 94% are positive. Alibaba had 155 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Overweight” rating given on Friday, August 12 by JP Morgan. SunTrust maintained it with “Buy” rating and $200.0 target in Friday, August 18 report. The firm has “Buy” rating given on Thursday, July 13 by Jefferies. The firm earned “Overweight” rating on Wednesday, August 2 by Barclays Capital. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Wednesday, August 26 by Cantor Fitzgerald. The firm has “Buy” rating given on Thursday, November 3 by Brean Capital. Morgan Stanley reinitiated it with “Overweight” rating and $130 target in Thursday, December 8 report. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Needham on Friday, April 15. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Suntrust Robinson on Friday, August 12. The firm earned “Outperform” rating on Friday, May 6 by Credit Suisse.

Among 14 analysts covering SecureWorks (NASDAQ:SCWX), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. SecureWorks has $18 highest and $1100 lowest target. $15.42’s average target is 67.61% above currents $9.2 stock price. SecureWorks had 25 analyst reports since May 17, 2016 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, May 17 by Barclays Capital. The rating was initiated by JP Morgan on Tuesday, May 17 with “Overweight”. RBC Capital Markets maintained SecureWorks Corp. (NASDAQ:SCWX) on Sunday, August 20 with “Buy” rating. The stock has “Buy” rating by KeyBanc Capital Markets on Friday, October 6. The rating was downgraded by Goldman Sachs on Thursday, March 30 to “Neutral”. The company was maintained on Sunday, November 19 by KeyBanc Capital Markets. The company was initiated on Tuesday, May 17 by Goldman Sachs. Barclays Capital downgraded the stock to “Underweight” rating in Friday, October 13 report. KeyBanc Capital Markets maintained it with “Buy” rating and $15.0 target in Thursday, August 31 report. The company was maintained on Sunday, November 5 by RBC Capital Markets.

SecureWorks Corp. provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. The company has market cap of $745.89 million. The Company’s solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond rapidly to security breaches, and predict emerging threats. It currently has negative earnings. As of February 3, 2017, the firm served approximately 4,400 subscription clients across 61 countries.

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