Builders FirstSource (NASDAQ:BLDR) : Traders are bullish on Builders FirstSource (NASDAQ:BLDR) as it has outperformed the S&P 500 by a wide margin of 3.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.4%, 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 6.75% in the last 1 week, and is up 5.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -2.68% from its 1 Year high price. On Sep 14, 2015, the shares registered one year high at $16.69 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $11.54 and the 200 Day Moving Average price is recorded at $10.23.
The stock has recorded a 20-day Moving Average of 9.7% and the 50-Day Moving Average is 7.94%.
Builders FirstSource (NASDAQ:BLDR): stock turned positive on Friday. Though the stock opened at $11.96, the bulls momentum made the stock top out at $12.45 level for the day. The stock recorded a low of $11.72 and closed the trading day at $12.34, in the green by 4.40%. The total traded volume for the day was 1,660,698. The stock had closed at $11.82 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Crow M Chad, officer (President, COO, and CFO) of Builders Firstsource, Inc., had unloaded 117,250 shares at an average price of $11.96 in a transaction dated on June 9, 2016. The total value of the transaction was worth $1,402,310.
Builders FirstSource, Inc. is a supplier and manufacturer of structural and related building products for residential new construction. The Company groups its building products and services into five product categories: Prefabricated Components, Windows & Doors, Lumber & Lumber Sheet Goods, Millwork, and Other Building Products & Services. The Companys Prefabricated Components are factory-built substitutes for job-site framing. The Windows & Doors category includes the manufacturing, assembly and distribution of windows, and the assembly and distribution of interior and exterior door units. The Lumber & Lumber Sheet Goods category includes dimensional lumber, plywood and oriented strand board (OSB) products. The Millwork category offers interior and exterior trim, columns and posts, as well as custom exterior features under the Synboard brand. The Other Building Products & Services category consists of various products, including hardware, composite materials, roofing and insulation.