Meritor (NYSE:MTOR) : During the past 4 weeks, traders have been relatively bearish on Meritor (NYSE:MTOR), hence the stock is down -11.72% 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 -0.87% relative to the S&P 500. The stock has risen by 0.4% in the past week indicating that the buyers are active at lower levels, but the stock is down -10.3% in the past 4 weeks.
The company shares have dropped -44.93% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $14.42 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $8.19 and the 200 Day Moving Average price is recorded at $7.77.
The stock has recorded a 20-day Moving Average of 5.29% and the 50-Day Moving Average is 8.52%.
Meritor (NYSE:MTOR): stock turned positive on Friday. Though the stock opened at $7.21, the bulls momentum made the stock top out at $7.56 level for the day. The stock recorded a low of $7.21 and closed the trading day at $7.49, in the green by 6.09%. The total traded volume for the day was 721,758. The stock had closed at $7.06 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Meritor Inc, Lyons William J had purchased shares worth of $22,420 in a transaction dated on May 19, 2016. A total of 2,799 shares were purchased at a price of $8.01 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Meritor, Inc. is engaged in the development, manufacture, sale, assembly, distribution, import and export of movement control systems for buses, trailers and trucks and their parts and components. It serves commercial truck, trailer, bus and coach and off-highway machinery manufacturers. The Companys segments include commercial truck and industrial, and aftermarket and trailer. Its commercial truck and industrial segment supplies drivetrain systems and components, including axles, drivelines, braking and suspension systems, primarily for medium- and heavy-duty trucks in North America, South America and Europe. This segment also supplies components for defense, construction, bus and coach, mining, fire and emergency applications, and Aftermarket and Trailer segment, which supplies new and remanufactured axles, brakes, suspensions, transmissions and components for all-makes aftermarket customers, and also supplies a variety of undercarriage products and systems for trailer applications.