Builders FirstSource (NASDAQ:BLDR) has tumbled 5.71% during the past week and has dropped 4.9% 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 4.58%. Builders FirstSource (NASDAQ:BLDR) has underperformed the index by 5.76% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Builders FirstSource (NASDAQ:BLDR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.93 and $10.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.07, notching a gain of 1.84% for the day. The total traded volume was 2,145,368 . The stock had closed at $10.87 on the previous day.
The company shares have dropped -18.48% from its 1 Year high price. On Sep 14, 2015, the shares registered one year high at $16.69 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $11.50 and the 200 Day Moving Average price is recorded at $10.32.
On the companys insider trading activities, Crow M Chad, officer (President, COO, and CFO) of Builders Firstsource, Inc., unloaded 117,250 shares at an average price of $11.96 on June 9, 2016. The total amount of the transaction was worth $1,402,310, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. FBR Capital initiates coverage on Builders FirstSource (NASDAQ:BLDR). The shares have now been rated Outperform by the stock experts at the ratings house. FBR Capital announces the current price target of $16 per share on Builders FirstSource . The rating by the firm was issued on June 1, 2016. Currently the company Insiders own 36.2% of Builders FirstSource shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -97.34% . Institutional Investors own 78.95% of Builders FirstSource shares. During last six month period, the net percent change held by insiders has seen a change of -97.34%.
Builders FirstSource, Inc. is a supplier and manufacturer of structural and related building products for residential new construction. The Company groups its building products and services into five product categories: Prefabricated Components, Windows & Doors, Lumber & Lumber Sheet Goods, Millwork, and Other Building Products & Services. The Companys Prefabricated Components are factory-built substitutes for job-site framing. The Windows & Doors category includes the manufacturing, assembly and distribution of windows, and the assembly and distribution of interior and exterior door units. The Lumber & Lumber Sheet Goods category includes dimensional lumber, plywood and oriented strand board (OSB) products. The Millwork category offers interior and exterior trim, columns and posts, as well as custom exterior features under the Synboard brand. The Other Building Products & Services category consists of various products, including hardware, composite materials, roofing and insulation.