Polaris Industries (NYSE:PII) has risen sharply, recording gains of 4.81% in the past 4 weeks. However, the stock has corrected -1.29% 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 3.14% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -44.01% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $156.35 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $83.12 and the 200 Day Moving Average price is recorded at $87.50.
The stock has recorded a 20-day Moving Average of 3.86% and the 50-Day Moving Average is 0.05%.
Polaris Industries (NYSE:PII): stock turned positive on Friday. Though the stock opened at $84.24, the bulls momentum made the stock top out at $86.27 level for the day. The stock recorded a low of $84.22 and closed the trading day at $85.23, in the green by 2.76%. The total traded volume for the day was 1,011,032. The stock had closed at $82.94 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 Polaris Industries Inc/Mn, Farr Kevin M, had purchased 2,100 shares in a transaction dated on May 23, 2016. The transaction was executed at $83.15 per share with total amount equaling $174,615.
Polaris Industries Inc. (Polaris) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, motorcycles and small vehicles (SV). These products are sold through dealers and distributors located in the United States, Canada and Europe. The Companys ORVs include core ATVs, and RANGER and RZR side-by-side vehicles. The Company produces a range of snowmobiles, consisting of 32 models, ranging from youth models to utility and economy models to performance and competition models. Polaris Motorcycles division consists of Victory, Indian motorcycles and three-wheel roadster motorcycle, Slingshot. The Company offer products in the light-duty hauling, people mover and urban/suburban commuting sub-sectors of the small vehicles industry. The Company produces or supplies a range of replacement parts and accessories for its product lines.