ADS - Alliance Data Systems Corporation Looks to Continue to Trade Above its Annual-High Share Price Today
Alliance Data Systems Corporation (NYSE:ADS) traded at a new 52-week high today of $127.99. So far today approximately 366,000 shares have been exchanged, as compared to an average 30-day volume of 831,000 shares.
Formed by a combination of J.C. Penney's credit card processing unit and The Limited's credit card bank business, Alliance Data Systems is a provider of private label and co-branded credit cards, loyalty programs, and marketing services. The company's most financially significant unit is its credit card business that partners with retailers to jointly market Alliance Data Systems' credit cards to their customers. The company's LoyaltyOne division operates the largest airline miles loyalty program in Canada and offers marketing services to grocery chains in Europe and Asia.
Alliance Data Systems Corporation (NYSE:ADS) is currently priced 55.5% above its average consensus analyst price target of $56.20.
In the past 52 weeks, shares of Alliance Data Systems Corporation have traded between a low of $35.13 and a high of $127.99 and is now at $126.20, which is 259% above that low price.
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