Leggett & Platt Incorporated (LEG) : During the past 4 weeks, traders have been relatively bearish on Leggett & Platt Incorporated (LEG), hence the stock is down -2.26% 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 -0.73% relative to the S&P 500. The 4-week change in the price of the stock is -1.89% and the stock has fallen -0.76% in the past 1 week.
Leggett & Platt, Incorporated is up 8.1% in the last 3-month period. Year-to-Date the stock performance stands at 26.58%. The stock has recorded a 20-day Moving Average of 0.31% and the 50-Day Moving Average is 1.57%.
Leggett & Platt Incorporated (NYSE:LEG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.09 and $52.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.46, notching a gain of 0.40% for the day. The total traded volume was 1,617,107 . The stock had closed at $52.25 on the previous day.
Also, Raymond James downgrades its rating on Leggett & Platt Incorporated (NYSE:LEG). Analysts at the Raymond James have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on August 1, 2016.
Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings segment, which manufactures steel coiled bedsprings; Commercial Fixturing & Components segment, which include work furniture group that designs, manufactures, and distributes a range of engineered components and products primarily for the office seating market; Industrial Materials segment consists of wire group, which operates a steel rod mill and tubing group, which supplies welded steel tubing and Specialized Products segment designs, manufactures and sells products, including automotive seating components, specialized machinery and equipment, and service van interiors. Its brands include Semi-Flex, ComfortCore, Mira-Coil, Lura-Flex, Superlastic, Super Sagless, Tack & Jump, Schukra, Gribetz, Masterack and Hanes, among others.