General Cable Corporation (BGC) Shares are Down -0.34%

General Cable Corporation (BGC) : During the past 4 weeks, traders have been relatively bearish on General Cable Corporation (BGC), hence the stock is down -2.15% 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 -0.39% relative to the S&P 500. The 4-week change in the price of the stock is -1.14% and the stock has fallen -0.34% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.22% and the 50-Day Moving Average is 5.07%. General Cable Corporation (NYSE:BGC): On Fridays trading session , Opening price of the stock was $14.73 with an intraday high of $14.96. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.5. However, the stock managed to close at $14.71, a loss of 1.01% for the day. On the previous day, the stock had closed at $14.86. The total traded volume of the day was 708,093 shares.


The company Insiders own 2.7% of General Cable Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.68% . Institutional Investors own 93.7% of General Cable Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 0.68%.

General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company operates through four segments: North America, Europe, Latin America, and Africa/Asia Pacific. The Company additionally engages in the design, integration and installation on a turnkey basis for products, such as high and extra-high voltage terrestrial and submarine systems. The Companys segments develops, designs, manufactures, markets and distributes copper, aluminum, and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets, and electric utility, electrical infrastructure, construction and communications industries. It offers five categories of products, such as electric utility, electrical infrastructure, communications, construction and rod mill.

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