CNH Industrial N.V. (CNHI) : Traders are bullish on CNH Industrial N.V. (CNHI) as it has outperformed the S&P 500 by a wide margin of 5.99% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.75%, 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 4.81% in the last 1 week, and is up 7.08% 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 5.69% and the 50-Day Moving Average is 4.34%. CNH Industrial N.V. (NYSE:CNHI): On Fridays trading session , Opening price of the stock was $7.51 with an intraday high of $7.53. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.335. However, the stock managed to close at $7.41, a loss of 0.13% for the day. On the previous day, the stock had closed at $7.42. The total traded volume of the day was 1,758,107 shares.
Institutional Investors own 24.47% of CNH Industrial N.V. shares. Also, Equity Analysts at the PiperJaffray downgrades the rating on CNH Industrial N.V. (NYSE:CNHI). The brokerage firm has issued a Underweight rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 25, 2016.
CNH Industrial NV is a Netherlands-based company primarily engaged in the manufacture of heavy machinery and vehicles equipment. It divides its activities into four main businesses. The Agricultural Equipment offers agricultural equipment under the New Holland Agriculture, Case IH brands and the Steyr brand. The Construction Equipment produces excavators, bulldozers, backhoes, compactors and other construction equipment under the New Holland Construction and Case Construction Equipment brands. The Trucks & Commercial Vehicles manufactures trucks and a commercial vehicles, including buses, coaches and special vehicles under Iveco, Iveco Bus and Heuliez Bus brands, as well as it produces quarry and mining equipment through Iveco Astra, and fire fighting vehicles through the Iveco Magirus brand. The Powertrain offers transmission systems, engines for marine application and power generation through FPT Industrial brand.