Ingersoll-Rand plc (Ireland) (IR) has risen sharply, recording gains of 7.71% in the past 4 weeks. However, the stock has corrected -0.32% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.9% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Ingersoll-Rand plc (Ireland) (NYSE:IR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.78 and $66.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.72, notching a gain of 1.06% for the day. The total traded volume was 1,153,265 . The stock had closed at $67.01 on the previous day.
The stock has recorded a 20-day Moving Average of 4.13% and the 50-Day Moving Average is 3.93%. Ingersoll-Rand Plc is up 5.6% in the last 3-month period. Year-to-Date the stock performance stands at 23.77%.
Ingersoll-Rand Public Limited Company (IR-Ireland) is a diversified, global company that provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company is also engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products. The Company focuses on parts, service, used equipment and rentals. Its business segments consist of Climate and Industrial. The Climate segment includes Trane and American Standard Heating and Air Conditioning, which provides heating, ventilation and air conditioning (HVAC) systems; commercial and residential building services, parts, support and controls, and Thermo King transport temperature control solutions. The Industrial segment includes Ingersoll Rand compressed air systems and services, power tools, material handling systems, ARO fluid management equipment, Club Car golf, utility and rough terrain vehicles.