U.S. Silica Holdings (NYSE:SLCA) has tumbled 0.89% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 24.47% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.3% and the outperformance has advanced to 23.33% for the last 4 weeks period.
U.S. Silica Holdings (NYSE:SLCA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.42 and $32.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.32, notching a gain of 3.03% for the day. The total traded volume was 2,521,735 . The stock had closed at $32.34 on the previous day.
The company shares have rallied 9.43% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $34.69 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $28.29 and the 200 Day Moving Average price is recorded at $22.02.
On the companys insider trading activities,The director of U.S. Silica Holdings, Inc., Avramovich Daniel W sold 10,000 shares at $19.49 on November 18, 2015. The Insider selling transaction had a total value worth of $194,900. 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 DA Davidson downgrades the rating on U.S. Silica Holdings (NYSE:SLCA). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 1.2% of U.S. Silica Holdings shares according to the proxy statements. Institutional Investors own 98.5% of U.S. Silica Holdings shares.
U.S. Silica Holdings, Inc. (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. The Company operates approximately 17 production facilities across the United States and controlled 363 million tons of reserves, including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.