AutoNation (NYSE:AN) : Traders are bullish on AutoNation (NYSE:AN) as it has outperformed the S&P 500 by a wide margin of 4.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.8%, 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 6.15% in the last 1 week, and is up 6.59% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -21.88% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $66.63 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $48.36 and the 200 Day Moving Average price is recorded at $48.81.
The stock has recorded a 20-day Moving Average of 6.6% and the 50-Day Moving Average is 5.13%.
AutoNation (NYSE:AN): stock turned positive on Friday. Though the stock opened at $49.37, the bulls momentum made the stock top out at $51 level for the day. The stock recorded a low of $49.33 and closed the trading day at $50.77, in the green by 4.21%. The total traded volume for the day was 1,299,386. The stock had closed at $48.72 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Ferrando Jonathan P, officer (EVP – GC, Corp Dev & HR) of Autonation, Inc., had unloaded 20,000 shares at an average price of $50.32 in a transaction dated on June 7, 2016. The total value of the transaction was worth $1,006,400.
AutoNation, Inc. is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, which includes vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. It operates through three segments: The Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Chrysler. The Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW and Lexus.