ProShares UltraPro QQQ (TQQQ) Forms $57.11 Double Top; Cdk Global (CDK) Shorts Up By 2.75%

CDK Global, Inc. (NASDAQ:CDK) Logo

Cdk Global Inc (NASDAQ:CDK) had an increase of 2.75% in short interest. CDK’s SI was 4.87M shares in July as released by FINRA. Its up 2.75% from 4.74M shares previously. With 1.33 million avg volume, 4 days are for Cdk Global Inc (NASDAQ:CDK)’s short sellers to cover CDK’s short positions. The SI to Cdk Global Inc’s float is 3.77%. The stock decreased 0.75% or $0.49 during the last trading session, reaching $65.05. About 996,595 shares traded. CDK Global, Inc. (NASDAQ:CDK) has risen 4.20% since July 1, 2017 and is uptrending. It has underperformed by 8.37% the S&P500. Some Historical CDK News: 30/05/2018 – CDK Global Closes Above 50-Day Moving Average: Technicals; 26/04/2018 – CDK Global Sees 2018 EPS $2.62-EPS $2.72; 23/04/2018 – DJ CDK Global Inc, Inst Holders, 1Q 2018 (CDK); 23/03/2018 – Equifax Among Inaugural Developers in Fortellis Automotive Commerce Exchange™ Platform; 26/04/2018 – CDK GLOBAL 3Q ADJ EPS 85C, EST. 84C; 26/04/2018 – CDK GLOBAL INC CDK.O – QTRLY REVENUES UP 4% TO $576.6 MILLION; 22/03/2018 – Survey Reveals 80 Percent of Buyers Likely to Begin Car Buying Process Online, Still 78 Percent Value In-Store Dealer; 26/04/2018 – CDK GLOBAL – REDUCING CO’S REVENUE GUIDANCE FOR FISCAL YEAR 2018 TO 2.5% – 3.0% FROM 3.0% – 4.0%, PRIMARILY DUE TO LOWER EXPECTED ADVERTISING REVENUES; 20/03/2018 – FTC: FTC Challenges CDK Global, Inc.’s Proposed Acquisition of Competitor Auto/Mate, Inc; 14/03/2018 – CDK Partners with Nissan for US Dealer Website Program

ProShares UltraPro QQQ (TQQQ) formed double top with $59.39 target or 4.00% above today’s $57.11 share price. ProShares UltraPro QQQ (TQQQ) has $3.49 billion valuation. The stock increased 0.46% or $0.26 during the last trading session, reaching $57.11. About 9.67 million shares traded or 23.85% up from the average. ProShares UltraPro QQQ (NASDAQ:TQQQ) has risen 57.68% since July 1, 2017 and is uptrending. It has outperformed by 45.11% the S&P500.

Among 3 analysts covering CDK Global (NASDAQ:CDK), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. CDK Global had 5 analyst reports since January 17, 2018 according to SRatingsIntel. The rating was upgraded by Barrington Research on Tuesday, May 29 to “Outperform”. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, January 31. Wells Fargo maintained the stock with “Buy” rating in Wednesday, January 31 report. The firm earned “Equal-Weight” rating on Friday, April 27 by Morgan Stanley. Barrington Research downgraded the shares of CDK in report on Wednesday, January 17 to “Market Perform” rating.

More recent CDK Global, Inc. (NASDAQ:CDK) news were published by: Globenewswire.com which released: “CDK Global Announces Proposed Registered Offering of Senior Notes” on June 04, 2018. Also Nasdaq.com published the news titled: “CDK Global Announces Pricing of its $500000000 5.875% Senior Notes Due 2026” on June 04, 2018. Globenewswire.com‘s news article titled: “New Research: Key Drivers of Growth for The Trade Desk, ArcBest, Micronet Enertec Technologies, CDK Global, News …” with publication date: June 29, 2018 was also an interesting one.

CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide. The company has market cap of $8.56 billion. The firm operates through Retail Solutions North America, Advertising North America, and CDK International divisions. It has a 26.91 P/E ratio. It offers technology solutions, including automotive Website platforms; and advertising solutions comprising the management of digital advertising spend for original equipment manufacturers and automotive retailers.

CDK Global, Inc. (NASDAQ:CDK) Ratings Chart