Armstrong World Industries Inc (AWI) has risen sharply, recording gains of 11.45% in the past 4 weeks. However, the stock has corrected -1.7% 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 11.02% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Armstrong World Industries, Inc. is up 8.78% in the last 3-month period. Year-to-Date the stock performance stands at -3.78%. The stock has recorded a 20-day Moving Average of 1.94% and the 50-Day Moving Average is 7.92%.
Armstrong World Industries Inc (NYSE:AWI): The stock opened at $43.93 on Friday but the bulls could not build on the opening and the stock topped out at $44.09 for the day. The stock traded down to $43.77 during the day, due to lack of any buying support eventually closed down at $44.00 with a loss of -0.29% for the day. The stock had closed at $44.13 on the previous day. The total traded volume was 255,743 shares.
Also, Equity Analysts at the KeyBanc upgrades the rating on Armstrong World Industries Inc (NYSE:AWI). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Sector Weight. The rating by the firm was issued on August 5, 2016.
Armstrong World Industries, Inc. is a producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings. The Company operates in four segments: Building Products, which produces suspended mineral fiber, soft fiber and metal ceiling systems for use in commercial, institutional and residential settings; Resilient Flooring, which produces and sources a range of floor coverings for homes and commercial and institutional buildings and Wood Flooring segment produces and sources wood flooring products for use in new residential construction and renovation, with commercial applications in stores, restaurants and high-end offices. Its brands include Armstrong, Alterna, BBT, BioBased Tile, BioGuard, Bruce, Cirrus, Dune, Excelon, Huiyi, Imperial, Initiator, Laurel, Luxe Plank, Medintech, MetalWorks, Optima, Perla, Plano, Stonetex, Station Square, ToughGuard, Ultima and WoodWorks, among others.