Penske Automotive Group (NYSE:PAG) : During the past 4 weeks, traders have been relatively bearish on Penske Automotive Group (NYSE:PAG), hence the stock is down -14.08% 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 -1.73% relative to the S&P 500. The 4-week change in the price of the stock is -12.7% and the stock has fallen -0.47% in the past 1 week.
The company shares have dropped -38.63% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $54.39 and the one year low was seen on Jul 5, 2016. The 50-Day Moving Average price is $35.65 and the 200 Day Moving Average price is recorded at $36.22.
The stock has recorded a 20-day Moving Average of 6.95% and the 50-Day Moving Average is 12.68%.
Penske Automotive Group (NYSE:PAG): stock turned positive on Friday. Though the stock opened at $30.99, the bulls momentum made the stock top out at $31.685 level for the day. The stock recorded a low of $30.9 and closed the trading day at $31.63, in the green by 3.84%. The total traded volume for the day was 751,690. The stock had closed at $30.46 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Penske Roger S, director officer 10% owner (Chairman & CEO) of Penske Automotive Group, Inc., had unloaded 71,874 shares at an average price of $50.19 in a transaction dated on June 1, 2015. The total value of the transaction was worth $3,607,356.
Penske Automotive Group, Inc. is a transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Company distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand. The Company operates in two segments: Retail Automotive, which includes the Companys retail automotive dealership operations and Other, which include the Companys retail commercial vehicle dealership operations, commercial vehicle distribution operations and its investments in non-automotive retail operations. The individual dealership operations of Retail Automotive segment operates in four geographic regions: Eastern, Central, Western United States and International. As of December 31, 2014, the Company operated 327 automotive retail franchises, of which 179 franchises are located in the United States and 148 franchises are located outside of the United States.