Leggett & Platt Incorporated (NYSE:LEG) : Traders are bullish on Leggett & Platt Incorporated (NYSE:LEG) as it has outperformed the S&P 500 by a wide margin of 2.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.07%, 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 2.36% in the last 1 week, and is up 3.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 2.52% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $52.03 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $50.16 and the 200 Day Moving Average price is recorded at $46.34.
The stock has recorded a 20-day Moving Average of 3.84% and the 50-Day Moving Average is 5.05%.
Leggett & Platt Incorporated (NYSE:LEG): stock turned positive on Friday. Though the stock opened at $51.67, the bulls momentum made the stock top out at $52.03 level for the day. The stock recorded a low of $51.36 and closed the trading day at $52.03, in the green by 1.72%. The total traded volume for the day was 713,401. The stock had closed at $51.15 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 officer (President & CEO) of Leggett & Platt Inc, Glassman Karl G had sold 22,580 shares worth of $1,130,581 in a transaction dated June 17, 2016. In this transaction, 22,580 shares were sold at $50.07 per share.
Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings segment, which manufactures steel coiled bedsprings; Commercial Fixturing & Components segment, which include work furniture group that designs, manufactures, and distributes a range of engineered components and products primarily for the office seating market; Industrial Materials segment consists of wire group, which operates a steel rod mill and tubing group, which supplies welded steel tubing and Specialized Products segment designs, manufactures and sells products, including automotive seating components, specialized machinery and equipment, and service van interiors. Its brands include Semi-Flex, ComfortCore, Mira-Coil, Lura-Flex, Superlastic, Super Sagless, Tack & Jump, Schukra, Gribetz, Masterack and Hanes, among others.