Company Shares of Colfax Corporation (NYSE:CFX) Rally 4.67%

Colfax Corporation (NYSE:CFX) has been under a strong bear grip, hence the stock is down -1.84% 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 3.34% in the past 1 week. The stock has risen by 4.67% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.25% in the past 4 weeks.

The company shares have dropped -36.59% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $44.64 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $27.57 and the 200 Day Moving Average price is recorded at $26.43.

The stock has recorded a 20-day Moving Average of 0.76% and the 50-Day Moving Average is 1.07%.


Colfax Corporation (NYSE:CFX): stock turned positive on Friday. Though the stock opened at $27.19, the bulls momentum made the stock top out at $27.89 level for the day. The stock recorded a low of $27.19 and closed the trading day at $27.8, in the green by 4.04%. The total traded volume for the day was 659,906. The stock had closed at $26.72 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 director of Colfax Corp, Vinnakota Rajiv had sold 2,038 shares worth of $55,658 in a transaction dated March 15, 2016. In this transaction, 2,038 shares were sold at $27.31 per share.

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid-handling, and fabrication technology products and services to commercial and Governmental customers around the world under the Howden, ESAB and Colfax Fluid Handling brand names. The Companys segments include gas and fluid handling, and fabrication technology. The gas and fluid handling segment supplies a range of products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid-handling systems and controls and specialty valves, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets. Fabrication technology segment formulates, develops, manufactures and supplies consumable products and equipment for the cutting and joining of steels, aluminum, and other metals and metal alloys.

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