Rexnord Corporation (RXN) : Traders are bullish on Rexnord Corporation (RXN) as it has outperformed the S&P 500 by a wide margin of 4.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.44%, 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 0.38% in the last 1 week, and is up 8.02% 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 2.75% and the 50-Day Moving Average is 2.75%. Rexnord Corporation has dropped 2.34% during the last 3-month period . Year-to-Date the stock performance stands at 17.49%.
Rexnord Corporation (NYSE:RXN): On Fridays trading session , Opening price of the stock was $21.36 with an intraday high of $21.49. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.99. However, the stock managed to close at $21.29, a loss of 0.47% for the day. On the previous day, the stock had closed at $21.39. The total traded volume of the day was 1,029,531 shares.
Rexnord Corporation (Rexnord) is a multi-platform industrial company. The Company operates through two segments: Process & Motion Control platform, and Water Management platform. The Process & Motion Control platform designs, manufactures, markets and services engineered mechanical components, such as gears and gear drives, couplings, industrial bearings, FlatTop and engineered chain, aerospace bearings and seals, under various brands, including Rexnord, Rex, Falk and Link-Belt. The Water Management platform designs, procures, manufactures and markets products that provide water quality, safety, flow control and conservation under brands, such as Zurn, Wilkins, VAG, GA, Rodney Hunt and Fontaine. The Water Management product portfolio includes specification drainage products, sensor flush valves and faucet products, pressure release valves, sluice and slide gates, butterfly and plug valves, control valves and actuation systems, and cross-linked polyethylene (PEX) piping.