Shares of PPG Industries (PPG) Rally 2.77%

PPG Industries (PPG) has been under a strong bear grip, hence the stock is down -3.22% 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 1.26% 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 2.77% in the last 1 week, and is up 1.01% 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 3.47% and the 50-Day Moving Average is 2.19%.

PPG Industries (NYSE:PPG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $109.02 and $108.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $109.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $109.27, notching a gain of 0.59% for the day. The total traded volume was 1,341,275 . The stock had closed at $108.63 on the previous day.


The company Insiders own 0.68% of PPG Industries shares according to the proxy statements. Institutional Investors own 75.62% of PPG Industries shares. During last six month period, the net percent change held by insiders has seen a change of -6.68%. In a related news, The Securities and Exchange Commission has divulged that Bunch Charles E, director officer (Executive Chairman of Board) of Ppg Industries Inc, had unloaded 46,286 shares at an average price of $98.17 in a transaction dated on February 26, 2016. The total value of the transaction was worth $4,543,897.

PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, architectural coatings-Americas and Asia Pacific, architectural coatings-EMEA, and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings, industrial coatings, packaging coatings, and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.

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