Shares of Tempur Sealy International (TPX) Rally 5.39%

Tempur Sealy International (TPX) has been under a strong bear grip, hence the stock is down -1.69% 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 3.84% 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 5.39% in the last 1 week, and is up 2.61% 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 4.38% and the 50-Day Moving Average is 1.9%.

Tempur Sealy International (NYSE:TPX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.67 and $57.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.44, notching a gain of 1.76% for the day. The total traded volume was 1,243,917 . The stock had closed at $58.41 on the previous day.


The company Insiders own 3.04% of Tempur Sealy International shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 34.46% . During last six month period, the net percent change held by insiders has seen a change of 18.76%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Chief Marketing Officer) of Tempur Sealy International, Inc., Spenchian Jay G, had purchased 7,000 shares in a transaction dated on June 15, 2016. The transaction was executed at $58.37 per share with total amount equaling $408,590.

Tempur Sealy International, Inc. is a bedding provider. The Company develops, manufactures, markets and distributes bedding products, which it sells globally in approximately 100 countries. The Company operates in three segments: Tempur North America, Tempur International and Sealy. The Companys brand portfolio includes TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum and Stearns & Foster. The Company sells its products through three distribution channels in each operating business segment: Retail, which consists of furniture and bedding retailers, department stores, specialty retailers and warehouse clubs; Direct, which consists of electronic commerce (e-commerce) platform, Company-owned stores and call center, and Other, which includes third party distributors, hospitality and healthcare customers.

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