Tempur Sealy International (TPX) Shares are Up 1.31%

Tempur Sealy International (TPX) : Traders are bullish on Tempur Sealy International (TPX) as it has outperformed the S&P 500 by a wide margin of 30.43% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.25%, 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 1.31% in the last 1 week, and is up 31.78% 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 12.33% and the 50-Day Moving Average is 24.85%. Tempur Sealy International (NYSE:TPX): On Fridays trading session , Opening price of the stock was $78.53 with an intraday high of $78.57. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $77.83. However, the stock managed to close at $78.33, a loss of 0.28% for the day. On the previous day, the stock had closed at $78.55. The total traded volume of the day was 804,919 shares.


The company Insiders own 3.04% of Tempur Sealy International shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 164.78% . During last six month period, the net percent change held by insiders has seen a change of 77.86%. Also, Nomura maintains its rating on Tempur Sealy International (NYSE:TPX). The global brokerage major raises the current price target from $82 per share to $90 per share. Analysts at the Nomura have a current rating of Buy on the shares. The rating by the firm was issued on July 29, 2016.

Tempur Sealy International, Inc. is a bedding provider. The Company develops, manufactures, markets and distributes bedding products, which it sells globally in approximately 100 countries. The Company operates in three segments: Tempur North America, Tempur International and Sealy. The Companys brand portfolio includes TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum and Stearns & Foster. The Company sells its products through three distribution channels in each operating business segment: Retail, which consists of furniture and bedding retailers, department stores, specialty retailers and warehouse clubs; Direct, which consists of electronic commerce (e-commerce) platform, Company-owned stores and call center, and Other, which includes third party distributors, hospitality and healthcare customers.

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