On a relative basis, the stock has outperformed the S&P 500 by 0.88% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.29% in the last 1 week, and is up 5.29% 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 3.86% and the 50-Day Moving Average is 3.21%.
HRG Group (NYSE:HRG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.01 and $13.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.14, notching a gain of 1.43% for the day. The total traded volume was 2,999,187 . The stock had closed at $13.94 on the previous day.
The company Insiders own 3.3% of HRG Group shares according to the proxy statements. Institutional Investors own 92.32% of HRG Group shares. In a related news, The director officer (Managing Director and EVP), of Hrg Group, Inc., Maura David M had unloaded 177,500 shares at $13.09 per share in a transaction on December 3, 2015. The total value of transaction was $2,323,475. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
HRG Group, Inc., formerly Harbinger Group Inc., is a holding company. The Companys operations are conducted through Fidelity & Guaranty Life (FGL), that offers life insurance and annuity products; Front Street Re (Delaware) Ltd. (Front Street), which offers reinsurance; Salus Capital Partners, LLC (Salus), Five Island Asset Management, LLC (FIAM), which holds interests in FIAM Capital Management, LLC (Five Island), Energy & Infrastructure Capital (EIC) and CorAmerica Capital, LLC (CorAmerica) offer financing and asset management, Spectrum Brands Holdings, Inc. (Spectrum Brands), which provides consumer products, such as batteries, small appliances, pet supplies, home and garden control products, personal care products and hardware and home improvement products. It also holds oil and natural gas properties through Compass Production GP, LLC and Compass Production Partners, LP. The Company operates through four segments: Consumer Products, Insurance, Energy and Asset Management.