Regal Beloit Corporation (RBC) Shares are Up 3.17%

Regal Beloit Corporation (RBC) : Traders are bullish on Regal Beloit Corporation (RBC) as it has outperformed the S&P 500 by a wide margin of 3.46% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.12%, 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 3.17% in the last 1 week, and is up 4.53% 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 4.15% and the 50-Day Moving Average is 7.85%. Regal Beloit Corporation (NYSE:RBC): On Fridays trading session , Opening price of the stock was $62.93 with an intraday high of $63.2. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $62.71. However, the stock managed to close at $62.8, a loss of 0.32% for the day. On the previous day, the stock had closed at $63. The total traded volume of the day was 779,055 shares.


The company Insiders own 2% of Regal Beloit Corporation shares according to the proxy statements. Institutional Investors own 93.26% of Regal Beloit Corporation shares. Also, Brokerage firm BMO Capital downgrades its rating on Regal Beloit Corporation (NYSE:RBC). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 2, 2016.

Regal Beloit Corporation is a global manufacturer electric motors and controls, electric generators and controls, and power transmission products. The Company operates through three segments: Commercial and Industrial Systems segment, which designs, manufactures and sells Fractional, integral and large horsepower motors and controls, electronic variable speed controls and blowers, Solid state and electro-mechanical starters, contactors, relays, variable frequency drives and motors, artificial lift system pumping equipment, Precision stator and rotor kits, Hazardous duty motors and Electric generators; Climate Solutions segment, which designs, manufactures and sells Fractional motors, electronic variable speed controls and blowers, and Power Transmission Solutions segment, which designs, manufactures and markets enclosed gear drives, gearmotors, transmissions and custom open gearing used for motion control within complex equipment and systems.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.