MDU Resources Group (NYSE:MDU) has risen sharply, recording gains of 3.5% in the past 4 weeks. However, the stock has corrected -1.4% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 24.96% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $24.67 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $23.12 and the 200 Day Moving Average price is recorded at $19.72.
The stock has recorded a 20-day Moving Average of 1.82% and the 50-Day Moving Average is 7.52%.
MDU Resources Group (NYSE:MDU): stock turned positive on Friday. Though the stock opened at $23.74, the bulls momentum made the stock top out at $23.94 level for the day. The stock recorded a low of $23.5 and closed the trading day at $23.93, in the green by 1.14%. The total traded volume for the day was 809,748. The stock had closed at $23.66 in the previous days trading.
In an insider trading activity, Schwartz Doran N, CFO of Mdu Resources Group Inc had purchased 1,500 shares on February 26, 2015 in a transaction. The price per share was $22.74 and the total amount of the disclosed transaction was $34,110.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
MDU Resources Group, Inc. is a natural resource company. The Companys segments include electric, natural gas distribution, pipeline and energy services, exploration and production, construction materials and contracting and construction services. The electric segment provides electric service at retail. The natural gas distribution segment sells natural gas at retail. The pipeline and energy services segment through WBI Holdings, Inc. owns and operates both regulated and nonregulated businesses. The exploration and production segment is involved in the development and production of oil and natural gas resources. The construction materials and contracting segment mines aggregates and markets crushed stone, sand, gravel and related construction materials. The construction services segment is engaged in constructing and maintaining electric and communication lines, gas pipelines, fire suppression systems, and external lighting and traffic signalization equipment.