Sturm Ruger & Company (NYSE:RGR) : Traders are bullish on Sturm Ruger & Company (NYSE:RGR) as it has outperformed the S&P 500 by a wide margin of 15.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.73%, 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 4.04% in the last 1 week, and is up 17.84% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 15.66% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $78.09 and the one year low was seen on Nov 5, 2015. The 50-Day Moving Average price is $63.00 and the 200 Day Moving Average price is recorded at $64.65.
The stock has recorded a 20-day Moving Average of 9.96% and the 50-Day Moving Average is 6.01%.
Sturm Ruger & Company (NYSE:RGR): stock turned positive on Friday. Though the stock opened at $66.71, the bulls momentum made the stock top out at $68.37 level for the day. The stock recorded a low of $66.25 and closed the trading day at $67.65, in the green by 4.85%. The total traded volume for the day was 927,961. The stock had closed at $64.52 in the previous days trading.
In an insider trading activity, The officer (VP & General Counsel), of Sturm Ruger & Co Inc, Reid Kevin B. Sr had unloaded 6,000 shares at $68.79 per share in a transaction on February 25, 2016. The total value of transaction was $412,740. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Sturm, Ruger & Company, Inc. is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company has two reportable segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, revolvers, and shotguns principally to a number of federally-licensed, independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding (MIM) parts. The Company offers products in four industry product categories rifles, pistols, shotguns and revolvers. The Companys firearms are sold through independent wholesale distributors, principally to the commercial sporting market.