Company Shares of Summit Materials (NYSE:SUM) Rally 0.72%

On a relative basis, the stock has outperformed the S&P 500 by 1.3% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.72% in the last 1 week, and is up 2.93% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have dropped -17.50% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $27.89 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $20.78 and the 200 Day Moving Average price is recorded at $19.13.

The stock has recorded a 20-day Moving Average of 4.89% and the 50-Day Moving Average is 0.32%.


Summit Materials (NYSE:SUM): stock turned positive on Friday. Though the stock opened at $20.98, the bulls momentum made the stock top out at $21.1 level for the day. The stock recorded a low of $20.8 and closed the trading day at $21.07, in the green by 1.79%. The total traded volume for the day was 1,080,810. The stock had closed at $20.7 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Hill Thomas W., director officer (President and CEO) of Summit Materials, Inc., had unloaded 10,000 shares at an average price of $20.39 in a transaction dated on June 22, 2016. The total value of the transaction was worth $203,900.

Summit Materials, Inc. is a construction material company. The Company offers construction materials and related downstream products. The Companys materials include aggregates, which it supplies across the country, with a focus on Texas, Kansas, Kentucky, Utah and Missouri and cement, which the Company supplies in Missouri, Iowa and Illinois. In addition to supplying aggregates, it uses its materials to produce ready-mixed concrete and asphalt paving mix. The Company operates through three segments: West, Central and East. The Companys West region includes operations in Texas, the Mountain states of Utah, Colorado, Idaho and Wyoming and in British Columbia, Canada. The Companys Central region extends across the Midwestern United States, including Kansas, Missouri, Nebraska, Iowa and Illinois. The Companys East region serves markets in Kentucky, South Carolina, North Carolina, Tennessee and Virginia.

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