The short interest in Brunswick Corporation (NYSE:BC) has declined from 4,034,831 on May 31,2016 to 4,020,128 on June 15,2016. The change was measured at 14,703 shares or 0.4%. The leftover shorts were 4.5% of the floated shares. The days to cover are 5, given the average daily volume of 788,151 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Brunswick Corporation (NYSE:BC): The stock opened at $46.54 on Friday but the bulls could not build on the opening and the stock topped out at $46.59 for the day. The stock traded down to $43.63 during the day, due to lack of any buying support eventually closed down at $43.68 with a loss of -10.53% for the day. The stock had closed at $48.82 on the previous day. The total traded volume was 3,098,288 shares.
The company shares have dropped -13.26% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $55.76 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $47.03 and the 200 Day Moving Average price is recorded at $45.99.
Brunswick Corporation (NYSE:BC) has tumbled 6.37% during the past week and has dropped 7.69% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.81%. Brunswick Corporation (NYSE:BC) has underperformed the index by 4.9% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Brunswick Corporation (Brunswick) is a designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness and billiards equipment. The Company operates in three segments: Marine Engine, Boat and Fitness. Brunswicks engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems, and marine parts and accessories. Its boat offerings include fiberglass pleasure boats; luxury yachts, yachts and sport yachts; offshore fishing boats; aluminum fishing boats; pontoon boats; deck boats, and inflatable boats. Its Fitness segment consists of Life Fitness division (Life Fitness), which designs, manufactures and markets a line of cardiovascular fitness equipment, including treadmills, total body cross-trainers, stair climbers and stationary exercise bicycles, and strength-training equipment under the Life Fitness, Cybex and Hammer Strength brands.