Acco Brands Corporation (NYSE:ACCO) : Traders are bullish on Acco Brands Corporation (NYSE:ACCO) as it has outperformed the S&P 500 by a wide margin of 0.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.7%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3% in the last 1 week, and is up 2.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 35.54% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $10.75 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.20 and the 200 Day Moving Average price is recorded at $8.39.
The stock has recorded a 20-day Moving Average of 3.42% and the 50-Day Moving Average is 6%.
Acco Brands Corporation (NYSE:ACCO): stock turned positive on Friday. Though the stock opened at $10.29, the bulls momentum made the stock top out at $10.65 level for the day. The stock recorded a low of $10.26 and closed the trading day at $10.64, in the green by 4.31%. The total traded volume for the day was 697,788. The stock had closed at $10.2 in the previous days trading.
In an insider trading activity, The officer (Sr. Vice Pres, Global Products), of Acco Brands Corp, Mccormack Gregory J. had unloaded 29,254 shares at $7.72 per share in a transaction on August 4, 2015. The total value of transaction was $225,841. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
ACCO Brands Corporation is a manufacturer and marketer of office, school and calendar products and select computer and electronic accessories. The Company sells its products to consumers and commercial end users primarily through resellers, including traditional office supply resellers, wholesalers, and retailers, including online retailers. The company is organized into three business segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. ACCO Brands North America and ACCO Brands International manufacture, source and sell traditional office products, school supplies and calendar products. The Companys Computer Products Group designs, sources, distributes, markets and sells accessories for laptop and desktop computers and tablets. The Company sells its products primarily to markets located in the United States, Northern Europe, Canada, Australia, Brazil and Mexico.