PPG Industries (NYSE:PPG) has tumbled 0.97% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.85% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.22% and the outperformance has advanced to 0.93% for the last 4 weeks period.
PPG Industries (NYSE:PPG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $107.00 and $106.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $108.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $108.18, notching a gain of 1.14% for the day. The total traded volume was 1,807,062 . The stock had closed at $106.96 on the previous day.
The company shares have dropped -7.77% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $118.69 and the one year low was seen on Oct 1, 2015. The 50-Day Moving Average price is $108.17 and the 200 Day Moving Average price is recorded at $103.37.
On the companys insider trading activities, Bunch Charles E, director officer (Executive Chairman of Board) of Ppg Industries Inc, unloaded 46,286 shares at an average price of $98.17 on February 26, 2016. The total amount of the transaction was worth $4,543,897, 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. CLSA downgrades its view on PPG Industries (NYSE:PPG) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on May 6, 2016. Currently the company Insiders own 0.68% of PPG Industries shares according to the proxy statements. Institutional Investors own 75.66% of PPG Industries shares. During last six month period, the net percent change held by insiders has seen a change of -6.68%.
PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, architectural coatings-Americas and Asia Pacific, architectural coatings-EMEA, and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings, industrial coatings, packaging coatings, and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.