Kennametal (NYSE:KMT) : During the past 4 weeks, traders have been relatively bearish on Kennametal (NYSE:KMT), hence the stock is down -10.98% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.26% relative to the S&P 500. The 4-week change in the price of the stock is -9.54% and the stock has fallen -2.02% in the past 1 week.
The company shares have dropped -33.47% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $34.27 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $23.60 and the 200 Day Moving Average price is recorded at $21.43.
The stock has recorded a 20-day Moving Average of 5.44% and the 50-Day Moving Average is 7.46%.
Kennametal (NYSE:KMT): stock turned positive on Friday. Though the stock opened at $20.95, the bulls momentum made the stock top out at $21.94 level for the day. The stock recorded a low of $20.9 and closed the trading day at $21.81, in the green by 5.52%. The total traded volume for the day was 1,067,967. The stock had closed at $20.67 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 Kennametal Inc, Harvey William J., had purchased 517 shares in a transaction dated on June 10, 2016. The transaction was executed at $24.1 per share with total amount equaling $12,460.
Kennametal Inc. (Kennametal) is a supplier of tooling, engineered components and advanced materials consumed in production processes. The Company manages and reports its business in two segments: Industrial and Infrastructure. The Company provides wear-resistant products, application engineering and services backed by material science, serving customers across diverse sectors of industrial production, transportation, earthworks, energy, infrastructure and aerospace. The Company markets its products under the brands, Kennametal and WIDIA. The Companys product offering includes a selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as materials, such as cemented tungsten carbide products, super alloys, coatings and investment castings to address customer demands. It offers these products through a range of channels to meet customer-specified needs.