Trinity Industries (TRN) Shares are Up 6.24%

Trinity Industries (TRN) : Traders are bullish on Trinity Industries (TRN) as it has outperformed the S&P 500 by a wide margin of 11.91% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.28%, 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 6.24% in the last 1 week, and is up 12.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Trinity Industries Inc. is up 43.85% in the last 3-month period. Year-to-Date the stock performance stands at 4.4%. The stock has recorded a 20-day Moving Average of 7.97% and the 50-Day Moving Average is 19.41%.


Trinity Industries (NYSE:TRN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.17 and $24.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.67, notching a gain of 1.19% for the day. The total traded volume was 1,915,078 . The stock had closed at $24.38 on the previous day.

Also, Major Brokerage house, Susquehanna downgrades its ratings on Trinity Industries (NYSE:TRN). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Positive rating on the shares. The rating by the firm was issued on July 25, 2016.

Trinity Industries, Inc. is a diversified industrial company that owns businesses providing products and services to the energy, transportation, chemical and construction sectors. The Companys products and services include railcars and railcar parts, the leasing, management, and maintenance of railcars, inland barges, highway products, aggregates, storage and distribution containers, structural wind towers, electric utility structures and parts and steel components. The Company operates under the following segments: the Rail Group, Construction Products Group, Inland Barge Group, Energy Equipment Group, Railcar Leasing and Management Services Group, and All Other. The Company caters to concrete producers, which include commercial, residential, highway contractors, manufacturers of masonry products, and state and local municipalities. It also caters to commercial marine transportation companies, wind turbine producers, dealers and industrial users.

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