Company Shares of Louisiana-Pacific Corporation Drops by -4.41%

Louisiana-Pacific Corporation (NYSE:LPX) has tumbled 4.41% during the past week and has dropped 4.3% 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 3.26%. Louisiana-Pacific Corporation (NYSE:LPX) has underperformed the index by 5.17% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Louisiana-Pacific Corporation (NYSE:LPX): The stock opened at $17.12 on Friday but the bulls could not build on the opening and the stock topped out at $17.28 for the day. The stock traded down to $16.85 during the day, due to lack of any buying support eventually closed down at $16.92 with a loss of -0.94% for the day. The stock had closed at $17.08 on the previous day. The total traded volume was 2,539,458 shares.

The company shares have dropped -2.87% from its 1 Year high price. On Dec 29, 2015, the shares registered one year high at $18.97 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $17.80 and the 200 Day Moving Average price is recorded at $16.84.

On the companys insider trading activities,The director of Louisiana-Pacific Corp, Watson Colin D sold 14,845 shares at $18.58 on May 11, 2016. The Insider selling transaction had a total value worth of $275,820. 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. Vertical Research downgrades their rating on the shares of Louisiana-Pacific Corporation (NYSE:LPX). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on March 17, 2016. Currently the company Insiders own 1.76% of Louisiana-Pacific Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -23.8% . During last six month period, the net percent change held by insiders has seen a change of -23.8%.

Louisiana-Pacific Corporation is a manufacturer of building products. The Companys products are used in new home construction, repair and remodeling, and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products, which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL), I-Joists, laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands, and other products, services and closed operations.

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