Shares of PACCAR (PCAR) Rally 3.24%

PACCAR (PCAR) has been under a strong bear grip, hence the stock is down -5.17% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.72% in the past 1 week. The stock has risen by 3.24% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.03% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.15% and the 50-Day Moving Average is 0.94%.

PACCAR (NASDAQ:PCAR): The stock opened at $54.41 on Friday but the bulls could not build on the opening and the stock topped out at $54.42 for the day. The stock traded down to $53.70 during the day, due to lack of any buying support eventually closed down at $53.81 with a loss of -0.48% for the day. The stock had closed at $54.07 on the previous day. The total traded volume was 2,033,047 shares.


The company Insiders own 2.62% of PACCAR shares according to the proxy statements. Institutional Investors own 64.37% of PACCAR shares. In a related news, Christensen Robert J., CFO of Paccar Inc, had purchased 849 shares on May 4, 2016. The total value of the transaction was $47,128. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

PACCAR Inc is a company operating in three principal industry segments: the Truck segment, includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, includes finance and leasing products and services provided to customers and dealers in the United States, Canada, Mexico, Europe and Australia. The Company also operates in Australia and Brazil, and sells trucks and parts to customers in Asia, Africa, Middle East and South America. The Companys trucks are marketed under the Kenworth, Peterbilt and DAF nameplates. It also manufactures industrial winches in two plants in the United States.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.