Louisiana-Pacific Corporation (NYSE:LPX) : Traders are bullish on Louisiana-Pacific Corporation (NYSE:LPX) as it has outperformed the S&P 500 by a wide margin of 2.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.05%, 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 3.36% in the last 1 week, and is up 4.41% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 12.68% from its 1 Year high price. On Dec 29, 2015, the shares registered one year high at $18.97 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $17.57 and the 200 Day Moving Average price is recorded at $16.85.
The stock has recorded a 20-day Moving Average of 7.42% and the 50-Day Moving Average is 4.92%.
Louisiana-Pacific Corporation (NYSE:LPX): stock turned positive on Friday. Though the stock opened at $17.83, the bulls momentum made the stock top out at $18.51 level for the day. The stock recorded a low of $17.79 and closed the trading day at $18.48, in the green by 4.76%. The total traded volume for the day was 1,828,495. The stock had closed at $17.64 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Louisiana-Pacific Corp, Watson Colin D had sold 14,845 shares worth of $275,820 in a transaction dated May 11, 2016. In this transaction, 14,845 shares were sold at $18.58 per share.
Louisiana-Pacific Corporation is a manufacturer of building products. The Companys products are used in new home construction, repair and remodeling, and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products, which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL), I-Joists, laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands, and other products, services and closed operations.