Company Shares of Rexnord Corporation Drops by -0.51%

Rexnord Corporation (NYSE:RXN) has tumbled 0.51% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 8.88% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.68% and the outperformance has advanced to 7.89% for the last 4 weeks period.

Rexnord Corporation (NYSE:RXN): The stock opened at $21.50 on Friday but the bulls could not build on the opening and the stock topped out at $21.79 for the day. The stock traded down to $21.35 during the day, due to lack of any buying support eventually closed down at $21.45 with a loss of -0.23% for the day. The stock had closed at $21.50 on the previous day. The total traded volume was 1,997,663 shares.

The company shares have dropped -17.78% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $26.35 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.92 and the 200 Day Moving Average price is recorded at $19.11.

On the companys insider trading activities, Stroup John S, director of Rexnord Corp, unloaded 18,732 shares at an average price of $21.39 on June 8, 2016. The total amount of the transaction was worth $400,677, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Currently the company Insiders own 6.1% of Rexnord Corporation shares according to the proxy statements. Institutional Investors own 97.5% of Rexnord Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 66.67%.

Rexnord Corporation (Rexnord) is a multi-platform industrial company. The Company operates through two segments: Process & Motion Control platform, and Water Management platform. The Process & Motion Control platform designs, manufactures, markets and services engineered mechanical components, such as gears and gear drives, couplings, industrial bearings, FlatTop and engineered chain, aerospace bearings and seals, under various brands, including Rexnord, Rex, Falk and Link-Belt. The Water Management platform designs, procures, manufactures and markets products that provide water quality, safety, flow control and conservation under brands, such as Zurn, Wilkins, VAG, GA, Rodney Hunt and Fontaine. The Water Management product portfolio includes specification drainage products, sensor flush valves and faucet products, pressure release valves, sluice and slide gates, butterfly and plug valves, control valves and actuation systems, and cross-linked polyethylene (PEX) piping.

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