CNH Industrial N.V. (CNHI) : Traders are bullish on CNH Industrial N.V. (CNHI) as it has outperformed the S&P 500 by a wide margin of 13.26% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.14%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.1% in the last 1 week, and is up 13.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
CNH Industrial N.V. is up 14.54% in the last 3-month period. Year-to-Date the stock performance stands at 13.94%. The stock has recorded a 20-day Moving Average of 6.53% and the 50-Day Moving Average is 7.76%.
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 $7.42 and $7.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.64, notching a gain of 0.39% for the day. The total traded volume was 2,805,336 . The stock had closed at $7.61 on the previous day.
Also, In the latest statement by the brokerage house, PiperJaffray downgrades its outlook on CNH Industrial N.V. (NYSE:CNHI). The current rating of the shares is Underweight, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on July 25, 2016.
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.