Worthington Industries (WOR) : Traders are bullish on Worthington Industries (WOR) as it has outperformed the S&P 500 by a wide margin of 11.55% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.56%, 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 8.74% in the last 1 week, and is up 10.95% 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 12.21% and the 50-Day Moving Average is 11.88%.The 200 Day SMA reached 31.42%
Worthington Industries (NYSE:WOR): After opening at $47.72, the stock dipped to an intraday low of $46.95 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $48.47 and the buying power remained strong till the end. The stock closed at $48.03 for the day, a gain of 1.69% for the day session. The total traded volume was 609,043. The stocks close on the previous trading day was $48.03.
Worthington Industries, Inc. is a diversified metals manufacturing company. The Companys segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Companys Steel Processing segment consists of the Worthington Steel business unit, Precision Specialty Metals, Inc. and Worthington Steelpac Systems, LLC and also includes two consolidated joint ventures: Spartan Steel Coating, LLC, which operates a cold-rolled hot dipped galvanizing line in Monroe, Michigan, and TWB Company, L.L.C., which operates a laser welded blank business. Its Pressure Cylinders segment consists of Worthington Cylinders business unit and three consolidated joint ventures: Worthington Nitin Cylinders Limited, Worthington Aritas Basincli Kaplar Sanayi and dHybrid Systems, LLC. Its Engineered Cabs segment consists of the Worthington Industries Engineered Cabs business unit. Its Other segment includes the Construction Services and Worthington Energy Innovations (WEI) operating segments.