Oshkosh Corporation (OSK) : Traders are bullish on Oshkosh Corporation (OSK) as it has outperformed the S&P 500 by a wide margin of 11.04% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.05%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.02% in the last 1 week, and is up 11.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Oshkosh Corporation is up 20.58% in the last 3-month period. Year-to-Date the stock performance stands at 41.7%. The stock has recorded a 20-day Moving Average of 3.68% and the 50-Day Moving Average is 10.84%.
Oshkosh Corporation (NYSE:OSK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.10 and $54.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.56, notching a gain of 0.04% for the day. The total traded volume was 609,937 . The stock had closed at $54.54 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Bank of America, upgrades their rating on the shares of Oshkosh Corporation (NYSE:OSK). Bank of America has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 18, 2016.
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The companys brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London. The Company operates through four segments: Access equipment, Defense, Fire & emergency and Commercial. The Access equipment segment provides aerial work platforms and telehandlers to position workers and materials at elevated heights. The Defense segment provides supply parts and services and wheeled vehicles. The Fire & Emergency segment manufactures and markets commercial and custom fire vehicles, simulators and emergency vehicles. The Commercial segment manufactures, markets and distributes concrete mixers, portable concrete batch plants, and vehicle and vehicle body components.