NN (NNBR) : Traders are bullish on NN (NNBR) as it has outperformed the S&P 500 by a wide margin of 10.68% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.36%, 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 5.9% in the last 1 week, and is up 10.53% 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 9.5% and the 50-Day Moving Average is 16.55%.The 200 Day SMA reached 26.52%. NN Inc. has dropped 0.15% during the last 3-month period . Year-to-Date the stock performance stands at 18.84%.
NN (NASDAQ:NNBR): After opening at $17.76, the stock dipped to an intraday low of $17.67 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.7 and the buying power remained strong till the end. The stock closed at $18.68 for the day, a gain of 6.08% for the day session. The total traded volume was 89,310. The stocks close on the previous trading day was $17.61.
NN, Inc. is an industrial company and a global manufacturer of metal bearing, plastic, rubber and precision metal components. The Company has three operating segments, the Metal Bearing Components Segment, the Plastic and Rubber Components Segment, and the Autocam Precision Components Segment. It has 25 manufacturing plants in the United States, Western Europe, Eastern Europe, South America and China. The Metal Bearing Components segment manufactures and supplies bearing components, consisting of balls, cylindrical rollers, tapered rollers and metal retainers. The Plastic and Rubber Components segment includes bearing seals, plastic retainers and precision plastic components. The Autocam Precision Components segment sells a range of engineered, close tolerance, precision-machined metal components and subassemblies.