Stanley Black & Decker (SWK) has risen sharply, recording gains of 5% in the past 4 weeks. However, the stock has corrected -0.19% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.93% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.88% and the 50-Day Moving Average is 6.2%. Stanley Black & Decker (NYSE:SWK): On Fridays trading session , Opening price of the stock was $123.38 with an intraday high of $123.42. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $122.82. However, the stock managed to close at $123.21, a loss of 0.21% for the day. On the previous day, the stock had closed at $123.47. The total traded volume of the day was 549,960 shares.
The company Insiders own 1.8% of Stanley Black & Decker shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.34% . Institutional Investors own 86.37% of Stanley Black & Decker shares. During last six month period, the net percent change held by insiders has seen a change of -7.67%. Also, Zelman downgrades its view on Stanley Black & Decker (NYSE:SWK) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on July 25, 2016.
Stanley Black & Decker, Inc. is a global provider of power and hand tools, products and services. The Company provides products and services for various industrial applications, mechanical access solutions (automatic doors and commercial locking systems), and electronic security and monitoring systems. The Companys operating segments include: Construction & Do-It-Yourself (CDIY), Industrial and Security. The CDIY segment consists of the Professional Power Tool Business; the Consumer Products Group, which includes outdoor products; the Hand Tools & Storage business, and the Fastening & Accessories business. The Industrial segment consists of the Industrial and Automotive Repair (IAR), Engineered Fastening and Infrastructure Businesses. The Security segment consists of the Convergent Security Solutions (CSS) and Mechanical Access Solutions (MAS) businesses.