Illinois Tool Works (NYSE:ITW) has been under a strong bear grip, hence the stock is down -1.34% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.08% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.39% in the last 1 week, and is up 0.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 15.60% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $109.54 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $105.45 and the 200 Day Moving Average price is recorded at $98.76.
The stock has recorded a 20-day Moving Average of 3.72% and the 50-Day Moving Average is 3.75%.
Illinois Tool Works (NYSE:ITW): stock turned positive on Friday. Though the stock opened at $106.81, the bulls momentum made the stock top out at $108.4854 level for the day. The stock recorded a low of $106.69 and closed the trading day at $108.36, in the green by 2.30%. The total traded volume for the day was 1,630,412. The stock had closed at $105.92 in the previous days trading.
In an insider trading activity, The officer (Vice Chairman), of Illinois Tool Works Inc, Parry David C had unloaded 10,000 shares at $104.35 per share in a transaction on May 16, 2016. The total value of transaction was $1,043,500. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Companys operates in seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. These operations serve end markets as automotive original equipment manufacturers/tiers, automotive aftermarket, general industrial, commercial food equipment and construction. It produces components and fasteners for automotive-related applications; equipment, consumables and related software; commercial food equipment, adhesives, sealants, lubrication and cutting fluids; arc welding equipment, consumables and accessories; construction fastening systems and truss products, and beverage packaging equipment and consumables. The Company operates approximately 90 divisions in 57 countries.