Huttig Building Products (NASDAQ:HBP) : Traders are bullish on Huttig Building Products (NASDAQ:HBP) as it has outperformed the S&P 500 by a wide margin of 13.3% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.96%, 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 8.33% in the last 1 week, and is up 15.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 94.39% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $6.60 and the one year low was seen on Jul 17, 2015. The 50-Day Moving Average price is $5.22 and the 200 Day Moving Average price is recorded at $4.12.
The stock has recorded a 20-day Moving Average of 13.95% and the 50-Day Moving Average is 24.41%.
Huttig Building Products (NASDAQ:HBP): stock turned positive on Friday. Though the stock opened at $6, the bulls momentum made the stock top out at $6.6 level for the day. The stock recorded a low of $5.97 and closed the trading day at $6.24, in the green by 5.05%. The total traded volume for the day was 689,615. The stock had closed at $5.94 in the previous days trading.
In an insider trading activity, The officer (VP – Marketing & Product Mgmt.), of Huttig Building Products Inc, Gurley Greg had unloaded 25,000 shares at $4.85 per share in a transaction on June 6, 2016. The total value of transaction was $121,250. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Huttig Building Products, Inc. is a domestic distributor of millwork, building materials and wood products used principally in residential construction and in home improvement, remodeling and repair work. The Company purchases from manufacturers and distributes its products through 27 wholesale distribution centers serving 41 states. Its distribution centers sell principally to building materials dealers, national buying groups, home centers and industrial users, including makers of manufactured homes. Its products consist of three categories: millwork, which includes doors, windows, molding, stair parts and columns; general building products, which include composite decking, connectors, fasteners, house wrap, roofing products and insulation, and wood products, which include engineered wood products, such as floor systems, as well as wood panels and lumber. It serves its customers, whether they are a local dealer or a national account, through its 27 wholesale distribution centers.