Varex Imaging (VREX) Reaches $36.04 52-Week High, Western Asset Global Corporate Defined Opportunity Fund Has 0.93 Sentiment




April 20, 2017 –
By Hazel Jackson



Western Asset Global Corporate Defined Opportunity Fund Inc. is a non-diversified, closed-end management investment company. The company has market cap of $259.20 million. The Fund’s primary investment objective is to provide current income and then to liquidate and distribute substantially all of the Fund’s net assets to stockholders. It currently has negative earnings. As a secondary investment objective, the Fund will seek capital appreciation.

The stock of Varex Imaging Corp (NASDAQ:VREX) hit a new 52-week high and has $37.48 target or 4.00% above today’s $36.04 share price. The 7 months bullish chart indicates low risk for the $1.38B company. The 1-year high was reported on Apr, 20 by Barchart.com. If the $37.48 price target is reached, the company will be worth $55.20 million more. The stock increased 1.41% or $0.5 during the last trading session, reaching $36.04. About 311,347 shares traded. Varex Imaging Corp (NASDAQ:VREX) has risen 6.00% since March 21, 2017 and is uptrending. It has underperformed by 3.93% the S&P500.

Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The company has market cap of $1.38 billion. The Company’s divisions include Medical and Industrial. It has a 20.57 P/E ratio. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.

Fca Corp Tx holds 2.06% of its portfolio in Western Asset Global Corp Defind Opp Fnd for 241,483 shares. 1607 Capital Partners Llc owns 722,281 shares or 0.84% of their US portfolio. Moreover, Shaker Financial Services Llc has 0.48% invested in the company for 47,746 shares. The Illinois-based Rivernorth Capital Management Llc has invested 0.25% in the stock. Mcgowan Group Asset Management Inc., a Texas-based fund reported 53,102 shares.

The stock decreased 0.11% or $0.02 on April 20, reaching $17.5. About 21,532 shares traded. Western Asset Global Corp Defind Opp Fnd (NYSE:GDO) has risen 0.75% since September 13, 2016 and is uptrending. It has underperformed by 9.18% the S&P500.

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