Parker-Hannifin Corporation (NYSE:PH) has been under a strong bear grip, hence the stock is down -2.78% 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 0.53% in the past 1 week. The stock has risen by 1.82% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.22% in the past 4 weeks.
The company shares have dropped -2.25% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $117.78 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $111.41 and the 200 Day Moving Average price is recorded at $106.11.
The stock has recorded a 20-day Moving Average of 1.44% and the 50-Day Moving Average is 0.39%.
Parker-Hannifin Corporation (NYSE:PH): stock turned positive on Friday. Though the stock opened at $109.68, the bulls momentum made the stock top out at $111.39 level for the day. The stock recorded a low of $109.275 and closed the trading day at $111.33, in the green by 2.87%. The total traded volume for the day was 1,152,930. The stock had closed at $108.22 in the previous days trading.
In an insider trading activity, The officer (VP-Gbl Supply Chain/Procuremnt), of Parker Hannifin Corp, Dedinsky John G Jr had unloaded 1,500 shares at $116.96 per share in a transaction on June 8, 2016. The total value of transaction was $175,440. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. The Companys manufacturing, service, sales, distribution and administrative facilities are located in the United States and in 49 other countries. Its products are supplied to approximately 450,000 customers in manufacturing, transportation and processing industry. The Company has two reporting segments: Diversified Industrial Segment products are made to original equipment manufacturers and their replacement markets in manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural and military machinery and equipment industries, and Aerospace Systems Segment products are made in the commercial and military aerospace markets to both original equipment manufacturers and to end users for spares, maintenance, repair and overhaul.