ITT Corporation (ITT) : Traders are bullish on ITT Corporation (ITT) as it has outperformed the S&P 500 by a wide margin of 2.92% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.6%, 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 5.05% in the last 1 week, and is up 5.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
ITT Corporation (NYSE:ITT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.94 and $32.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.31, notching a gain of 1.87% for the day. The total traded volume was 936,197 . The stock had closed at $32.70 on the previous day.
The stock has recorded a 20-day Moving Average of 2.67% and the 50-Day Moving Average is 0.62%. ITT Inc. has dropped 3.17% during the last 3-month period . Year-to-Date the stock performance stands at -7.66%.
ITT Corporation (ITT) : The highest short term price target forecast on ITT Corporation (ITT) is $42 and the lowest target price is $32. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $39.11 with a standard deviation of $3.33.
ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Companys product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts. Motion Technologies manufactures brake components, shock absorbers and damping technologies for the automotive, truck and trailer, public bus and rail transportation markets. Interconnect Solutions manufactures and designs a range of engineered connector solutions that makes it possible to transfer signal and power between electronic devices. Control Technologies manufactures equipment, including actuation, valves, and noise and energy absorption components for the aerospace and defense, and industrial markets.