CNH Industrial N.V. (CNHI) has risen sharply, recording gains of 9.27% in the past 4 weeks. However, the stock has corrected -0.84% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.62% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
CNH Industrial N.V. (NYSE:CNHI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.01 and $6.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.07, notching a gain of 1.29% for the day. The total traded volume was 674,771 . The stock had closed at $6.98 on the previous day.
The stock has recorded a 20-day Moving Average of 3.03% and the 50-Day Moving Average is 0.11%. CNH Industrial N.V. has dropped 0.28% during the last 3-month period . Year-to-Date the stock performance stands at 5.44%.
CNH Industrial N.V. (CNHI) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $8 and the lowest price target forecast is $5. The average forecast of all the analysts is $6.52 and the expected standard deviation is $1.06.
CNH Industrial NV is a Netherlands-based company primarily engaged in the manufacture of heavy machinery and vehicles equipment. It divides its activities into four main businesses. The Agricultural Equipment offers agricultural equipment under the New Holland Agriculture, Case IH brands and the Steyr brand. The Construction Equipment produces excavators, bulldozers, backhoes, compactors and other construction equipment under the New Holland Construction and Case Construction Equipment brands. The Trucks & Commercial Vehicles manufactures trucks and a commercial vehicles, including buses, coaches and special vehicles under Iveco, Iveco Bus and Heuliez Bus brands, as well as it produces quarry and mining equipment through Iveco Astra, and fire fighting vehicles through the Iveco Magirus brand. The Powertrain offers transmission systems, engines for marine application and power generation through FPT Industrial brand.