Belden Inc (BDC) : Traders are bullish on Belden Inc (BDC) as it has outperformed the S&P 500 by a wide margin of 0.87% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.71%, 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 1.68% in the last 1 week, and is up 1.26% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Belden Inc. is up 19.56% in the last 3-month period. Year-to-Date the stock performance stands at 54.22%. The stock has recorded a 20-day Moving Average of 1.32% and the 50-Day Moving Average is 9.18%.
Belden Inc (NYSE:BDC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.74 and $72.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.41, notching a gain of 0.48% for the day. The total traded volume was 219,151 . The stock had closed at $73.06 on the previous day.
Also, In a research note released to the investors, Stifel Nicolaus assumes its rating on Belden Inc (NYSE:BDC).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on April 4, 2016.
Belden Inc. is a signal transmission solutions provider. The Companys portfolio of signal transmission solutions provides industry secure and reliable transmission of data, sound, and video for mission critical applications. The Company operates in four segments: Broadcast Solutions, which provides production, distribution, and connectivity systems for television broadcast, cable, satellite and IPTV industries; Enterprise Connectivity Solutions, which provides network infrastructure solutions for enterprise customers; Industrial Connectivity Solutions, which provides infrastructure components and connectivity systems for a range of industrial automation applications and Industrial IT Solutions, which provides mission-critical networking systems. Its brands include Belden, Alpha Wire, Mohawk, West Penn Wire, Hirschmann, SignalTight, GarrettCom, Poliron, Tofino, PPC, Grass Valley, ProSoft Technology and Tripwire. It sells products to distributors, end-users, installers and OEMs.