MSC Industrial Direct Company (NYSE:MSM) has been under a strong bear grip, hence the stock is down -1.72% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.82% in the past 1 week. The stock has risen by 2.12% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.14% in the past 4 weeks.
The company shares have rallied 2.42% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $78.35 and the one year low was seen on Jan 4, 2016. The 50-Day Moving Average price is $72.92 and the 200 Day Moving Average price is recorded at $70.06.
The stock has recorded a 20-day Moving Average of 1.48% and the 50-Day Moving Average is 1.12%.
MSC Industrial Direct Company (NYSE:MSM): On Fridays trading session , Opening price of the stock was $73.99 with an intraday high of $74.84. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $72.83. However, the stock managed to close at $72.87, a loss of 0.76% for the day. On the previous day, the stock had closed at $73.43. The total traded volume of the day was 893,043 shares.
In an insider trading activity, The Securities and Exchange Commission has divulged that Sandler David, director officer (Executive Vice Chairman) of Msc Industrial Direct Co Inc, had unloaded 1,500 shares at an average price of $74.5 in a transaction dated on May 17, 2016. The total value of the transaction was worth $111,750.
MSC Industrial Direct Co., Inc. (MSC) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States. The Company operates primarily in the United States, with customers in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico). Its products represent a range of MRO products that include cutting tools; measuring instruments; tooling components; metalworking products; fasteners; flat stock; raw materials; abrasives; machinery hand and power tools; safety and janitorial supplies; plumbing supplies; materials handling products; power transmission components and electrical supplies.