U.S. Silica Holdings (SLCA) has been under a strong bear grip, hence the stock is down -0.58% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 6.35% 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 7.01% in the last 1 week, and is up 6.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
U.S. Silica Holdings (NYSE:SLCA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.40 and $35.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.50, notching a gain of 1.05% for the day. The total traded volume was 1,296,831 . The stock had closed at $36.12 on the previous day.
The stock has recorded a 20-day Moving Average of 5.79% and the 50-Day Moving Average is 14.87%. U.S. Silica Holdings, Inc. is up 39.47% in the last 3-month period. Year-to-Date the stock performance stands at 95.86%.
U.S. Silica Holdings, Inc. (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. The Company operates approximately 17 production facilities across the United States and controlled 363 million tons of reserves, including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.