Builders FirstSource (BLDR) has risen sharply, recording gains of 1.78% in the past 4 weeks. However, the stock has corrected -2.56% in the past 1 week, providing a good buying opportunity on dips. Builders FirstSource (BLDR) : During the past 4 weeks, traders have been relatively bearish on Builders FirstSource (BLDR), hence the stock is down -0.69% 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 -2.97% relative to the S&P 500.
Builders FirstSource (NASDAQ:BLDR): The stock opened at $12.00 on Friday but the bulls could not build on the opening and the stock topped out at $12.99 for the day. The stock traded down to $12.00 during the day, due to lack of any buying support eventually closed down at $12.56 with a loss of -4.20% for the day. The stock had closed at $13.11 on the previous day. The total traded volume was 2,305,788 shares.
The stock has recorded a 20-day Moving Average of 2.58% and the 50-Day Moving Average is 4.23%. Builders FirstSource, Inc. is up 15.65% in the last 3-month period. Year-to-Date the stock performance stands at 13.36%.
Builders FirstSource (BLDR) : The most positive equity analysts on Builders FirstSource (BLDR) expects the shares to touch $25, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $18 with an expected fluctuation of $4.3 from the mean.
Builders FirstSource, Inc. is a supplier and manufacturer of structural and related building products for residential new construction. The Company groups its building products and services into five product categories: Prefabricated Components, Windows & Doors, Lumber & Lumber Sheet Goods, Millwork, and Other Building Products & Services. The Companys Prefabricated Components are factory-built substitutes for job-site framing. The Windows & Doors category includes the manufacturing, assembly and distribution of windows, and the assembly and distribution of interior and exterior door units. The Lumber & Lumber Sheet Goods category includes dimensional lumber, plywood and oriented strand board (OSB) products. The Millwork category offers interior and exterior trim, columns and posts, as well as custom exterior features under the Synboard brand. The Other Building Products & Services category consists of various products, including hardware, composite materials, roofing and insulation.