BayCom Corp. (BCML) Touches $24.50 High on May, 17; Highland Capital Management LP Trimmed Discovery Communicatns New (DISCK) Stake By $1.13 Million

May 17, 2018 - By Louis Casey

Discovery, Inc. (NASDAQ:DISCK) Logo

The stock of BayCom Corp. (NASDAQ:BCML) reached all time high today, May, 17 and still has $25.97 target or 6.00% above today’s $24.50 share price. This indicates more upside for the $262.73M company. This technical setup was reported by Barchart.com. If the $25.97 PT is reached, the company will be worth $15.76 million more. The stock increased 5.79% or $1.34 during the last trading session, reaching $24.5. About 62,219 shares traded or 0.43% up from the average. BayCom Corp. (NASDAQ:BCML) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Highland Capital Management Lp decreased Discovery Communicatns New (DISCK) stake by 51.92% reported in 2017Q4 SEC filing. Highland Capital Management Lp sold 54,000 shares as Discovery Communicatns New (DISCK)’s stock declined 12.19%. The Highland Capital Management Lp holds 50,000 shares with $1.06M value, down from 104,000 last quarter. Discovery Communicatns New now has $16.59 billion valuation. The stock decreased 2.81% or $0.63 during the last trading session, reaching $21.82. About 3.48M shares traded. Discovery, Inc. (NASDAQ:DISCK) has declined 27.22% since May 17, 2017 and is downtrending. It has underperformed by 38.77% the S&P500.

Highland Capital Management Lp increased Pioneer Nat Res Co (NYSE:PXD) stake by 8,200 shares to 44,343 valued at $7.67 million in 2017Q4. It also upped Lpl Finl Hldgs Inc (NASDAQ:LPLA) stake by 74,500 shares and now owns 174,500 shares. Minerva Neurosciences Inc (NASDAQ:NERV) was raised too.

Analysts await BayCom Corp. (NASDAQ:BCML) to report earnings on July, 24. They expect $0.37 EPS, up 37.04% or $0.10 from last year’s $0.27 per share. BCML’s profit will be $3.97 million for 16.55 P/E if the $0.37 EPS becomes a reality. After $0.54 actual EPS reported by BayCom Corp. for the previous quarter, Wall Street now forecasts -31.48% negative EPS growth.

More notable recent BayCom Corp. (NASDAQ:BCML) news were published by: Streetinsider.com which released: “UPDATE: DA Davidson Starts BayCom (BCML) at Buy” on May 17, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” published on May 17, 2018, Seekingalpha.com published: “BayCom Corp Files Terms For $50 Million IPO” on April 29, 2018. More interesting news about BayCom Corp. (NASDAQ:BCML) were released by: Globenewswire.com and their article: “BayCom Corp Announces Closing of Initial Public Offering” published on May 08, 2018 as well as Globenewswire.com‘s news article titled: “BayCom Corp Launches Initial Public Offering” with publication date: April 27, 2018.

Discovery, Inc. (NASDAQ:DISCK) Institutional Positions Chart

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