Louisiana-Pacific Corporation (LPX) has been under a strong bear grip, hence the stock is down -1.2% 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 4.51% in the past 1 week. The stock has risen by 5.03% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.33% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.45% and the 50-Day Moving Average is 4.95%.The 200 Day SMA reached 14.8%. Louisiana-Pacific Corp. is up 9.16% in the last 3-month period. Year-to-Date the stock performance stands at 11.22%.
Louisiana-Pacific Corporation (NYSE:LPX): After opening at $19.84, the stock dipped to an intraday low of $19.64 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $20.04 and the buying power remained strong till the end. The stock closed at $20.03 for the day, a gain of 1.16% for the day session. The total traded volume was 1,589,748. The stocks close on the previous trading day was $19.8.
Louisiana-Pacific Corporation is a manufacturer of building products. The Companys products are used in new home construction, repair and remodeling, and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products, which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL), I-Joists, laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands, and other products, services and closed operations.