Cohn Robbins Holdings Corp. [CRHC] Is Currently 0.10 below its 200 Period Moving Avg: What Does This Mean?

Cohn Robbins Holdings Corp. [NYSE: CRHC] gained 0.10% or 0.01 points to close at $10.01 with a heavy trading volume of 2761726 shares. The company report on March 16, 2022 that Cohn Robbins Holdings Corp. Comments on Allwyn Entertainment Being Named the Preferred Applicant for the UK’s Fourth National Lottery License.


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Cohn Robbins Holding Corp. (NYSE: CRHC), which has entered into a merger agreement with Allwyn Entertainment, issued the following comment from its co-chairmen, Gary D. Cohn and Clifton S. Robbins, regarding the decision published yesterday by the United Kingdom’s Gambling Commission naming Allwyn’s UK business, Allwyn Entertainment Ltd., as the Preferred Applicant for the UK’s fourth National Lottery license, following a competitive process:.

“We congratulate our partners, led by Board Chairman Karel Komárek and CEO Robert Chvatal, along with the UK team led by Sir Keith Mills, on this tremendous accomplishment and milestone in Allwyn’s journey to become the global leader in managing lotteries. The UK National Lottery is one of the largest in the world and we are very pleased that Allwyn Entertainment Ltd.’s proposal was judged to be the best way of growing returns to good causes,” said Gary D. Cohn and Clifton S. Robbins, Co-Founders and Co-Chairmen of Cohn Robbins Holdings Corp.

It opened the trading session at $10.00, the shares rose to $10.015 and dropped to $9.995, the range by which the price of stock traded the whole day. The daily chart for CRHC points out that the company has recorded 0.70% gains over the past six months. However, it is still -3.41% lower than its most recent low trading price.

If we look at the average trading volume of 448.37K shares, CRHC reached to a volume of 2761726 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Cohn Robbins Holdings Corp. [CRHC]:

The Average True Range (ATR) for Cohn Robbins Holdings Corp. is set at 0.01 The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 0.00.

Trading performance analysis for CRHC stock

Cohn Robbins Holdings Corp. [CRHC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.20. With this latest performance, CRHC shares gained by 0.50% in over the last four-week period, additionally plugging by 0.70% over the last 6 months – not to mention a rise of 2.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRHC stock in for the last two-week period is set at 78.12, with the RSI for the last a single of trading hit 86.69, and the three-weeks RSI is set at 70.86 for Cohn Robbins Holdings Corp. [CRHC]. The present Moving Average for the last 50 days of trading for this stock 9.96, while it was recorded at 10.00 for the last single week of trading, and 9.91 for the last 200 days.

Cohn Robbins Holdings Corp. [CRHC]: A deeper dive into fundamental analysis

Return on Equity for this stock inclined to 4.82, with Return on Assets sitting at 4.33.

Cohn Robbins Holdings Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.00 and a Current Ratio set at 0.00.

An analysis of insider ownership at Cohn Robbins Holdings Corp. [CRHC]

36 institutional holders increased their position in Cohn Robbins Holdings Corp. [NYSE:CRHC] by around 10,003,639 shares. Additionally, 47 investors decreased positions by around 12,222,287 shares, while 58 investors held positions by with 50,242,774 shares. The mentioned changes placed institutional holdings at 72,468,700 shares, according to the latest SEC report filing. CRHC stock had 11 new institutional investments in for a total of 2,357,225 shares, while 15 institutional investors sold positions of 4,161,159 shares during the same period.

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