W.W. Grainger (GWW) has been under a strong bear grip, hence the stock is down -2.02% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.55% in the past 1 week. The stock has risen by 3.6% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.01% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 4.37% and the 50-Day Moving Average is 3.16%. W.W. Grainger (NYSE:GWW): On Fridays trading session , Opening price of the stock was $229.23 with an intraday high of $232.1. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $228.255. However, the stock managed to close at $228.97, a loss of 0.18% for the day. On the previous day, the stock had closed at $229.38. The total traded volume of the day was 516,255 shares.
The company Insiders own 9.6% of W.W. Grainger shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.87% . Institutional Investors own 82.88% of W.W. Grainger shares. During last six month period, the net percent change held by insiders has seen a change of -25.68%. Also, Major Brokerage house, Barclays maintains its ratings on W.W. Grainger (NYSE:GWW). In the latest research report, Barclays raises the target price from $209 per share to $213 per share. According to the latest information available, the shares are now rated Equalweight by the analysts at the agency. The rating by the firm was issued on July 18, 2016.
W.W. Grainger, Inc. is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America. It operates in two segments: the United States and Canada. The United States business offers a selection of maintenance, repair and operating supplies and other related products and services. Acklands – Grainger is a distributor of industrial and safety supplies that distributes tools, fasteners, safety supplies, instruments, welding and shop equipment, among others. Other businesses include Zoro, the single channel online business in the United States, and operations in Europe, Asia and Latin America. The Company provides customers with a range of options for finding and purchasing products, utilizing sales representatives, contact centers, direct marketing materials, catalogs and e-commerce.