Louisiana-Pacific Corporation (LPX) : Traders are bullish on Louisiana-Pacific Corporation (LPX) as it has outperformed the S&P 500 by a wide margin of 8.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.31%, 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 3.84% in the last 1 week, and is up 13.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 9.44% and the 50-Day Moving Average is 7.92%.
Louisiana-Pacific Corporation (NYSE:LPX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.18 and $19.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.19, notching a gain of 0.84% for the day. The total traded volume was 1,523,404 . The stock had closed at $19.03 on the previous day.
The company Insiders own 1.76% of Louisiana-Pacific Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -24.62% . During last six month period, the net percent change held by insiders has seen a change of -24.62%. In a related news, The Securities and Exchange Commission has divulged that Watson Colin D, director of Louisiana-Pacific Corp, had unloaded 14,845 shares at an average price of $18.58 in a transaction dated on May 11, 2016. The total value of the transaction was worth $275,820.
Louisiana-Pacific Corporation is a manufacturer of building products. The Companys products are used in new home construction, repair and remodeling, and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products, which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL), I-Joists, laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands, and other products, services and closed operations.