Patterson Companies (PDCO) Shares are Up 1.31%

Patterson Companies (PDCO) has been under a strong bear grip, hence the stock is down -6.3% 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 1.34% in the past 1 week. The stock has risen by 1.31% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.94% in the past 4 weeks.

Patterson Companies, Inc. is up 2.2% in the last 3-month period. Year-to-Date the stock performance stands at 4.59%. The stock has recorded a 20-day Moving Average of 2.09% and the 50-Day Moving Average is 3.09%.


Patterson Companies (NASDAQ:PDCO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.43 and $45.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.57, notching a gain of 2.26% for the day. The total traded volume was 1,317,945 . The stock had closed at $45.54 on the previous day.

Also, Major Brokerage house, Evercore ISI Group downgrades its ratings on Patterson Companies (NASDAQ:PDCO). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 27, 2016.

Patterson Companies, Inc. is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The Companys dental supply segment provides consumable products (including x-ray film, restorative materials, hand instruments and sterilization products); basic and advanced technology dental equipment; practice management and clinical software; patient education systems, and office forms and stationery. The Companys veterinary supply segment distributes veterinary supplies to companion-pet (dogs, cats and other common household pets), equine and large animal veterinarians and veterinary clinics, public and private institutions and shelters across the United States and in the United Kingdom. The rehabilitation supply segment distributes rehabilitation medical supplies and equipment.

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