Xylem (NYSE:XYL) has tumbled 0.85% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.64% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.34% and the outperformance has advanced to 3.69% for the last 4 weeks period.
Xylem (NYSE:XYL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.46 and $45.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.53, notching a gain of 0.35% for the day. The total traded volume was 1,734,299 . The stock had closed at $45.37 on the previous day.
On the companys insider trading activities, Loranger Steven R, director of Xylem Inc., unloaded 50,000 shares at an average price of $44.52 on June 1, 2016. The total amount of the transaction was worth $2,226,000, 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. Equity analysts at the Brokerage firm Wedbush downgrades its rating on Xylem (NYSE:XYL). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on April 11, 2016. Currently the company Insiders own 0.77% of Xylem shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -19.4% . Institutional Investors own 86.73% of Xylem shares. During last six month period, the net percent change held by insiders has seen a change of -16.59%.
Xylem Inc. is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment. The Company is an equipment and service provider in various application areas of the water equipment industry: transport, treatment, test, building services, industrial processing and irrigation. The Companys water market brands, such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection, distribution and return) and Applied Water (usage).