Martin Marietta Materials (NYSE:MLM) : Traders are bullish on Martin Marietta Materials (NYSE:MLM) as it has outperformed the S&P 500 by a wide margin of 4.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.69%, 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 4% in the last 1 week, and is up 6.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 28.26% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $198.23 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $187.55 and the 200 Day Moving Average price is recorded at $158.93.
The stock has recorded a 20-day Moving Average of 5.75% and the 50-Day Moving Average is 6.64%.
Martin Marietta Materials (NYSE:MLM): stock turned positive on Friday. Though the stock opened at $197.35, the bulls momentum made the stock top out at $198.2299 level for the day. The stock recorded a low of $195.71 and closed the trading day at $196.7, in the green by 0.69%. The total traded volume for the day was 625,101. The stock had closed at $195.35 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 Martin Marietta Materials Inc, Zelnak Stephen P Jr had sold 3,000 shares worth of $566,700 in a transaction dated June 8, 2016. In this transaction, 3,000 shares were sold at $188.9 per share.
Martin Marietta Materials, Inc. is a supplier of aggregates products (crushed stone, sand, and gravel) and heavy building materials (cement) for the construction industry, including infrastructure, non-residential, residential, railroad ballast, agricultural and chemical grade stone used in environmental applications. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Companys Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. The Companys Cement Business is engaged in producing Portland and specialty cements, such as masonry and oil well cements. The Companys Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.