Transdigm Group Incorporated (NYSE:TDG) : Traders are bullish on Transdigm Group Incorporated (NYSE:TDG) as it has outperformed the S&P 500 by a wide margin of 1.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.4%, 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 2.7% in the last 1 week, and is up 3.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 19.78% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $270.08 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $260.60 and the 200 Day Moving Average price is recorded at $232.52.
The stock has recorded a 20-day Moving Average of 3.49% and the 50-Day Moving Average is 6.87%.
Transdigm Group Incorporated (NYSE:TDG): stock turned positive on Friday. Though the stock opened at $264.91, the bulls momentum made the stock top out at $270.08 level for the day. The stock recorded a low of $264.23 and closed the trading day at $269.81, in the green by 2.80%. The total traded volume for the day was 610,795. The stock had closed at $262.46 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 Officer (Executive Vice President) of TransDigm Group INC, Iversen Bernt G Ii had sold 10,000 shares worth of $2,618,400 in a transaction dated June 30, 2016. In this transaction, 10,000 shares were sold at $261.84 per share.
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies. Its Airframe segment includes operations that primarily develop, produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. Its Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, and power conditioning devices.