Stanley Black & Decker (NYSE:SWK) encountered a drop of 14% or -463,076 shares in the short positions. The number dropped from 3,305,035 on May 31,2016 to 2,841,959 on June 15,2016. The final interest is 1.9% of the floated stock. The days to cover figure of 4 can be arrived using the average daily exchange of 698,716 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Stanley Black & Decker (NYSE:SWK): The stock opened at $110.60 on Friday but the bulls could not build on the opening and the stock topped out at $111.82 for the day. The stock traded down to $106.82 during the day, due to lack of any buying support eventually closed down at $107.23 with a loss of -6.80% for the day. The stock had closed at $115.05 on the previous day. The total traded volume was 2,276,701 shares.
The company shares have rallied 2.13% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $115.16 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $113.06 and the 200 Day Moving Average price is recorded at $104.56.
Stanley Black & Decker (NYSE:SWK) has tumbled 4.76% during the past week and has dropped 5.26% 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 3.18%. Stanley Black & Decker (NYSE:SWK) has underperformed the index by 2.39% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Stanley Black & Decker, Inc. is a global provider of power and hand tools, products and services. The Company provides products and services for various industrial applications, mechanical access solutions (automatic doors and commercial locking systems), and electronic security and monitoring systems. The Companys operating segments include: Construction & Do-It-Yourself (CDIY), Industrial and Security. The CDIY segment consists of the Professional Power Tool Business; the Consumer Products Group, which includes outdoor products; the Hand Tools & Storage business, and the Fastening & Accessories business. The Industrial segment consists of the Industrial and Automotive Repair (IAR), Engineered Fastening and Infrastructure Businesses. The Security segment consists of the Convergent Security Solutions (CSS) and Mechanical Access Solutions (MAS) businesses.