Stock Investors Sell Off Shares of Zagg, Down 1.4%

Published on Fri, 02/15/2013 - 13:25
By Mallory Stone in Market movers, ZAGG, market movers, nasdaq:zagg, zagg

Zagg (NASDAQ:ZAGG) is one of today's notable stocks in decline, down 1.4% to $7.49. The S&P is trading fractionally lower to 1,520 and the Dow is trading fractionally lower to 13,968.

Zagg (NASDAQ:ZAGG) has potential upside of 111.9% based on a current price of $7.49 and analysts' consensus price target of $15.88. The stock should find resistance at its 200-day moving average (MA) of $8.77, as well as support at its 50-day MA of $7.36.

Zagg Incorporated designs, manufactures and distribute branded protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices.

In the past 52 weeks, shares of Zagg have traded between a low of $6.40 and a high of $17.10 and are now at $7.49, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0.93% lower and 0.20% higher over the past week, respectively.

By Mallory Stone
mstone@fnno.com

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