Invesco Ltd stock declines amid sector rotation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
0mins
Should l Buy IVZ?
Source: SeekingAlpha
Invesco Ltd's stock fell by 5.00% as it crossed below its 5-day SMA, reflecting a challenging trading environment.
The decline in Invesco's stock price is attributed to sector rotation, as investors shifted their focus to other sectors despite the slight increase in the Nasdaq-100 index. This movement indicates a preference for growth stocks over value stocks, impacting Invesco negatively.
As the market continues to evolve, Invesco may need to reassess its strategies to attract investors back, especially in a climate where sector preferences are shifting.
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Analyst Views on IVZ
Wall Street analysts forecast IVZ stock price to rise
11 Analyst Rating
4 Buy
7 Hold
0 Sell
Moderate Buy
Current: 26.740
Low
25.00
Averages
28.68
High
33.50
Current: 26.740
Low
25.00
Averages
28.68
High
33.50
About IVZ
Invesco Ltd. is an independent investment management firm. It serves the retail and institutional markets within the investment management industry in the Americas, Europe, Middle East, and Africa and Asia-Pacific in 120 countries. It offers a range of investment strategies across asset classes, investment styles, and geographies. Its asset classes include equity, fixed income, balanced, alternatives and money market. Its retail assets under management include exchange-traded funds, separately managed accounts, individual savings accounts, investment companies with variable capital, investment trusts, open-end mutual funds, unit investment trusts, and variable insurance funds. Its institutional assets include institutional separate accounts, private funds, open-end mutual funds, and collective trust funds. Its client base includes public and private entities, unions, non-profit organizations, endowments, foundations, financial institutions, and sovereign wealth funds.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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See More
