Harman International Industries Incorporated (HAR) : Traders are bullish on Harman International Industries Incorporated (HAR) as it has outperformed the S&P 500 by a wide margin of 6.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.6%, 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 0.57% in the last 1 week, and is up 6.99% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Harman International Industries, Incorporated is up 13.96% in the last 3-month period. Year-to-Date the stock performance stands at -8.2%. The stock has recorded a 20-day Moving Average of 2.11% and the 50-Day Moving Average is 9.09%.
Harman International Industries Incorporated (NYSE:HAR): The stock opened at $85.60 on Friday but the bulls could not build on the opening and the stock topped out at $86.17 for the day. The stock traded down to $85.05 during the day, due to lack of any buying support eventually closed down at $85.29 with a loss of -1.02% for the day. The stock had closed at $86.17 on the previous day. The total traded volume was 786,269 shares.
Also, Baird downgrades its rating on Harman International Industries Incorporated (NYSE:HAR). Analysts at the Baird have a current rating of Neutral on the shares. The shares were previously rated Outperform. The rating by the firm was issued on August 5, 2016.
Harman International Industries, Incorporated, is engaged in the designing and engineering of connected products and solutions for automakers, consumers and enterprises, including audio systems, visual products, enterprise automation solutions and connected services. The Company operates through four segments. The Infotainment segment offers infotainment systems for vehicle applications. The Lifestyle segment offers car audio systems for vehicle applications, as well as a range of loudspeaker and electronics for home, multimedia and mobile applications. The Professional segment provides audio, lighting, video and control and automation solutions for commercial, enterprise and public space applications. The Services segment creates software solutions that integrate design, mobility, cloud and analytics. Its brands include AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft and Studer.