Cummins (NYSE:CMI) has been under a strong bear grip, hence the stock is down -2.69% 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 0.29% in the past 1 week. The stock has risen by 1.58% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.12% in the past 4 weeks.
The company shares have dropped -11.90% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $131.28 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $113.21 and the 200 Day Moving Average price is recorded at $104.60.
The stock has recorded a 20-day Moving Average of 1.56% and the 50-Day Moving Average is 1.26%.
Cummins (NYSE:CMI): stock turned positive on Friday. Though the stock opened at $112.26, the bulls momentum made the stock top out at $114.8497 level for the day. The stock recorded a low of $111.76 and closed the trading day at $114.7, in the green by 3.09%. The total traded volume for the day was 1,069,587. The stock had closed at $111.26 in the previous days trading.
In an insider trading activity,The officer (V.P. – CAO) of Cummins Inc, Rose Marya M sold 848 shares at $112.11 on May 25, 2016. The Insider selling transaction had a total value worth of $95,069. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Cummins Inc. is a global diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products, including filtration, after treatment, turbochargers, fuel systems, controls systems, air handling systems and electric power generation systems. It has four operating segments: Engine, Distribution, Components and Power Generation. The Company sells its products to original equipment manufacturers (OEMs), distributors and other customers. It serves its customers through a network of around 600 Company-owned and independent distributor locations and around 7,200 dealer locations in more than 190 countries. In addition, engines and engine components are manufactured by the Companys joint ventures or independent licensees at its manufacturing plants in the United States, China, India, South Korea, Mexico and Sweden. Its subsidiaries include Cummins India Ltd. and Wuxi Cummins Turbo Technologies Co. Ltd.