Armstrong World Industries Inc (AWI) : Traders are bullish on Armstrong World Industries Inc (AWI) as it has outperformed the S&P 500 by a wide margin of 4.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.64%, 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 7.57% in the last 1 week, and is up 8.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.92% and the 50-Day Moving Average is 6.43%. Armstrong World Industries, Inc. is up 4.07% in the last 3-month period. Year-to-Date the stock performance stands at -7.13%.
Armstrong World Industries Inc (NYSE:AWI): stock turned positive on Friday. Though the stock opened at $42.36, the bulls momentum made the stock top out at $42.82 level for the day. The stock recorded a low of $39.175 and closed the trading day at $42.47, in the green by 1.46%. The total traded volume for the day was 2,008,033. The stock had closed at $41.86 in the previous days trading.
Also, Goldman Sachs downgrades their rating on the shares of Armstrong World Industries Inc (NYSE:AWI). The current rating of the shares is Sell. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm lowers the price target to $34 per share from $38 per share. The rating by the firm was issued on July 12, 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.