Sally Beauty Holdings (NYSE:SBH) : Traders are bullish on Sally Beauty Holdings (NYSE:SBH) as it has outperformed the S&P 500 by a wide margin of 0.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.35%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.64% in the last 1 week, and is up 1.67% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -5.37% from its 1 Year high price. On Mar 30, 2016, the shares registered one year high at $32.93 and the one year low was seen on Oct 22, 2015. The 50-Day Moving Average price is $29.05 and the 200 Day Moving Average price is recorded at $29.68.
The stock has recorded a 20-day Moving Average of 2.81% and the 50-Day Moving Average is 1.35%.
Sally Beauty Holdings (NYSE:SBH): stock turned positive on Friday. Though the stock opened at $29.54, the bulls momentum made the stock top out at $29.85 level for the day. The stock recorded a low of $29.37 and closed the trading day at $29.8, in the green by 1.60%. The total traded volume for the day was 787,744. The stock had closed at $29.33 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 Sally Beauty Holdings, Inc., Eisenberg Marshall E had sold 12,000 shares worth of $363,840 in a transaction dated June 2, 2016. In this transaction, 12,000 shares were sold at $30.32 per share.
Sally Beauty Holdings, Inc. (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items. Sally Beauty Supply is an open-line distributor of professional beauty supplies in the United States. Sally beauty supply products are sold in shopping centers, grocery stores, mass merchants and home centers. BSG is a full-service distributor of beauty supplies in North America. BSG and Armstrong McCall stores provide beauty product SKUs that include hair color, hair care, skin and nail care, beauty sundries and electrical appliances. BSG stores are located in secondary strip shopping centers.