Shares of Harsco Corporation (HSC) Rally 35.86%

Harsco Corporation (HSC) : Traders are bullish on Harsco Corporation (HSC) as it has outperformed the S&P 500 by a wide margin of 37.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 33.86%, 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 35.86% in the last 1 week, and is up 43.59% 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 40.63% and the 50-Day Moving Average is 46.37%.

Harsco Corporation (NYSE:HSC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.10 and $9.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.85, notching a gain of 8.84% for the day. The total traded volume was 3,152,822 . The stock had closed at $9.05 on the previous day.


The company Insiders own 0.56% of Harsco Corporation shares according to the proxy statements. Institutional Investors own 81.68% of Harsco Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 40.16%. In a related news, Minan Peter Francis, CFO of Harsco Corp, had purchased 10,000 shares on March 2, 2016. The total value of the transaction was $36,600. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the global metals industries. Harsco Industrial segment includes the Harsco Industrial IKG, Harsco Industrial Air-X-Changers and Harsco Industrial Patterson-Kelley businesses. Harsco Rail segment is a provider of equipment and services for the maintenance, repair and construction of railway track. The Companys principal lines of business include outsourced, on-site services of material logistics and resource recovery for iron, steel and metals manufacturing; air-cooled heat exchangers; industrial grating products; heat transfer products, and railway track maintenance services and equipment.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *