Babcock (NYSE:BW) has been under a strong bear grip, hence the stock is down -31.95% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.41% in the past 1 week. The stock has risen by 1.69% in the past week indicating that the buyers are active at lower levels, but the stock is down -30.85% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 19.15% and the 50-Day Moving Average is 27.45%.
Babcock (NYSE:BW): stock turned positive on Friday. Though the stock opened at $14.97, the bulls momentum made the stock top out at $15.09 level for the day. The stock recorded a low of $14.84 and closed the trading day at $15.02, in the green by 1.35%. The total traded volume for the day was 756,415. The stock had closed at $14.82 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP and Chief HR Officer) of Babcock & Wilcox Enterprises, Inc., Radtke Wendy S, had purchased 1,580 shares in a transaction dated on November 27, 2015. The transaction was executed at $19.03 per share with total amount equaling $30,067.
Babcock & Wilcox Enterprises, Inc. is engaged in engineering, manufacturing, procurement, and erection of equipment and technology, which is used in the power generation industry and other industries. The Company is a technology-based provider of fossil and renewable power generation equipment, which includes boiler products and environmental systems, and services for power and industrial uses. It operates through three segments, including Global Power, which consists of boiler and environmental products businesses that serves large steam generating and industrial customers; Global Services, which provides a mix of products and services to support availability of steam generating, and associated environmental and auxiliary equipment that serve steam generating utility and industrial customers, and Industrial Environmental, which represents its environmental products and services business, which serves industrial end markets, such as chemical and pharmaceutical, among others.