Eagle Materials Inc (EXP) : Traders are bullish on Eagle Materials Inc (EXP) as it has outperformed the S&P 500 by a wide margin of 3.59% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.11%, 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 0.05% in the last 1 week, and is up 7.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.44% and the 50-Day Moving Average is 6.09%. Eagle Materials Inc. is up 13.41% in the last 3-month period. Year-to-Date the stock performance stands at 39.3%.
Eagle Materials Inc (NYSE:EXP): On Fridays trading session , Opening price of the stock was $84.95 with an intraday high of $84.95. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $81.85. However, the stock managed to close at $83.95, a loss of 1.24% for the day. On the previous day, the stock had closed at $85. The total traded volume of the day was 1,000,182 shares.
Eagle Materials Inc. manufactures and distributes gypsum wallboard and also manufactures and sells cement. Gypsum wallboard is distributed throughout the United States, in the geographic markets nearest to its production facilities. The Company sells cement in six regional markets, including northern Nevada and California, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas. Its gypsum wallboard business is supported by its recycled paperboard business, while its cement business is supported by its concrete and aggregates business. The Company operates six cement plants, five gypsum wallboard plants, one recycled paperboard plant, seventeen concrete batching plants, four aggregates facilities and one frac sand processing and drying plant. The Company operates in two business segments: Cement and Concrete and Aggregates, and Gypsum Wallboard and Recycled Paperboard.