Axalta Coating Systems Ltd. (AXTA) : Traders are bullish on Axalta Coating Systems Ltd. (AXTA) as it has outperformed the S&P 500 by a margin of 1.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.99%, 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 1.61% in the last 1 week, and is up 8.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Axalta Coating Systems Ltd. (NYSE:AXTA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.28 and $28.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.34, notching a gain of 0.25% for the day. The total traded volume was 1,142,712 . The stock had closed at $28.27 on the previous day.
The stock has recorded a 20-day Moving Average of 4.84% and the 50-Day Moving Average is 2.85%. Axalta Coating Systems Ltd. has dropped 5.03% during the last 3-month period . Year-to-Date the stock performance stands at 6.34%.
Axalta Coating Systems Ltd. is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company operates in two business segments: Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base. Through its Transportation Coatings segment, the Company provides advanced coating technologies to original equipment manufacturer (OEMs) of light and commercial vehicles. Its products are offered in four key end-markets, including the refinish automotive aftermarket, industrial, light vehicle or automotive original equipment manufacturers (OEM) market, and commercial vehicle market. The Companys products include liquid and powder coatings for motor vehicles OEMs, the motor vehicle aftermarket, and general industrial applications, such as coatings for heavy equipment, pipes, appliances and electrical insulation.