Axalta Coating Systems Ltd. (NYSE:AXTA) has climbed 0.32% in the past week and advanced 1.82% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.53% and the outperformance has advanced to 0.89% for the last 4 weeks period.
Axalta Coating Systems Ltd. (NYSE:AXTA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.70 and $27.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.99, notching a gain of 1.01% for the day. The total traded volume was 3,382,384 . The stock had closed at $27.71 on the previous day.
The company shares have dropped -23.04% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $36.50 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $28.00 and the 200 Day Moving Average price is recorded at $26.94.
On the companys insider trading activities,The officer (SVP & General Counsel) of Axalta Coating Systems Ltd., Finn Michael F. sold 1,315 shares at $27.95 on May 13, 2016. The Insider selling transaction had a total value worth of $36,754. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Axalta Coating Systems Ltd. (NYSE:AXTA). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $36 per share from a prior target of $32. The rating by the firm was issued on April 18, 2016. Currently the company Insiders own 2.79% of Axalta Coating Systems Ltd. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.56% . Institutional Investors own 99% of Axalta Coating Systems Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -2.56%.
Axalta Coating Systems Ltd. is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company operates in two business segments: Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base. Through its Transportation Coatings segment, the Company provides advanced coating technologies to original equipment manufacturer (OEMs) of light and commercial vehicles. Its products are offered in four key end-markets, including the refinish automotive aftermarket, industrial, light vehicle or automotive original equipment manufacturers (OEM) market, and commercial vehicle market. The Companys products include liquid and powder coatings for motor vehicles OEMs, the motor vehicle aftermarket, and general industrial applications, such as coatings for heavy equipment, pipes, appliances and electrical insulation.