U.S. Silica Holdings (SLCA) has risen sharply, recording gains of 2.37% in the past 4 weeks. However, the stock has corrected -2.18% in the past 1 week, providing a good buying opportunity on dips. U.S. Silica Holdings (SLCA) : During the past 4 weeks, traders have been relatively bearish on U.S. Silica Holdings (SLCA), hence the stock is down -1.92% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.62% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 0.08% and the 50-Day Moving Average is 11.41%.
U.S. Silica Holdings (NYSE:SLCA): The stock opened at $35.26 on Friday but the bulls could not build on the opening and the stock topped out at $35.26 for the day. The stock traded down to $33.86 during the day, due to lack of any buying support eventually closed down at $34.11 with a loss of -3.78% for the day. The stock had closed at $35.45 on the previous day. The total traded volume was 2,554,335 shares.
The company Insiders own 1.2% of U.S. Silica Holdings shares according to the proxy statements. Institutional Investors own 98.51% of U.S. Silica Holdings shares. In a related news,The director of U.S. Silica Holdings, Inc., Avramovich Daniel W sold 10,000 shares at $19.49 on November 18, 2015. The Insider selling transaction had a total value worth of $194,900. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
U.S. Silica Holdings, Inc. (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. The Company operates approximately 17 production facilities across the United States and controlled 363 million tons of reserves, including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.