Dana Holding Corporation (DAN) has risen sharply, recording gains of 23.92% in the past 4 weeks. However, the stock has corrected -1.61% 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 20.91% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Dana Holding Corporation (NYSE:DAN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.16 and $13.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.42, notching a gain of 3.23% for the day. The total traded volume was 1,860,722 . The stock had closed at $13.00 on the previous day.
The stock has recorded a 20-day Moving Average of 8% and the 50-Day Moving Average is 12.56%. Dana Incorporated is up 9.64% in the last 3-month period. Year-to-Date the stock performance stands at -2.75%.
Dana Holding Corporation (DAN) : The most positive equity analysts on Dana Holding Corporation (DAN) expects the shares to touch $17, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $14.33 with an expected fluctuation of $1.75 from the mean.
Dana Holding Corporation is a global provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. It operates in four business segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies. The Light Vehicle segment products include front axles, rear axles, drive shafts and differentials, among others. The Commercial Vehicle segment products include steer axles, drive axles, drive shafts and tire inflation systems. The Off-Highway segment products include products include front axles, rear axles, drive shafts and transmissions, among others. The Power Technologies segment products include gaskets, cover modules, heat shields, engine sealing systems, cooling and heat transfer products.