Dycom Industries (NYSE:DY) : Traders are bullish on Dycom Industries (NYSE:DY) as it has outperformed the S&P 500 by a wide margin of 10.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.24%, 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 6.59% in the last 1 week, and is up 12.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 40.86% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $95.75 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $85.55 and the 200 Day Moving Average price is recorded at $69.45.
The stock has recorded a 20-day Moving Average of 8.66% and the 50-Day Moving Average is 18.77%.
Dycom Industries (NYSE:DY): stock turned positive on Friday. Though the stock opened at $93.68, the bulls momentum made the stock top out at $95.75 level for the day. The stock recorded a low of $93.2 and closed the trading day at $94.98, in the green by 2.76%. The total traded volume for the day was 633,292. The stock had closed at $92.43 in the previous days trading.
In an insider trading activity, The Director, of DYCOM INDUSTRIES INC, Coe Charles B had unloaded 26,897 shares at $89.9 per share in a transaction on June 23, 2016. The total value of transaction was $2,418,040. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities. It offers engineering services, which include the design of aerial, underground and buried fiber optic, copper and coaxial cable systems that extend from the telephone company central office or cable operator headend to the consumers home or business. It also provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment installation and material fabrication and site testing services.