Leggett & Platt Incorporated (LEG) Shares are Up 1.61%

Leggett & Platt Incorporated (LEG) has been under a strong bear grip, hence the stock is down -1.08% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.56% in the past 1 week. The stock has risen by 1.61% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.06% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.01% and the 50-Day Moving Average is 2.71%. Leggett & Platt Incorporated (NYSE:LEG): On Fridays trading session , Opening price of the stock was $52.8 with an intraday high of $52.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $52.445. However, the stock managed to close at $52.86, a loss of 0.08% for the day. On the previous day, the stock had closed at $52.9. The total traded volume of the day was 748,581 shares.


The company Insiders own 3.92% of Leggett & Platt Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.28% . Institutional Investors own 69.25% of Leggett & Platt Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -5.14%. Also, Major Brokerage house, Raymond James downgrades its ratings on Leggett & Platt Incorporated (NYSE:LEG). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. 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.

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