ADS - Shares of Alliance Data Systems Corporation (ADS) Exceed 52-Week High
Shares of Alliance Data Systems Corporation (NYSE:ADS) traded today at $122.48, eclipsing its 52-week high. This new high was reached on below average trading volume as 195,000 shares traded hands, while the average 30-day volume is approximately 853,000 shares.
Alliance Data Systems Corporation (NYSE:ADS) is currently priced 10.8% above its average consensus analyst price target of $105.26.
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.
Over the past year, Alliance Data Systems Corporation has traded in a range of $35.13 to $122.48 and is now at $117.96, 236% above that low.
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