Stillwater Mining Company (NYSE:SWC) : Traders are bullish on Stillwater Mining Company (NYSE:SWC) as it has outperformed the S&P 500 by a wide margin of 21.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.6%, 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 3.92% in the last 1 week, and is up 23.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 17.98% from its 1 Year high price. On Apr 29, 2016, the shares registered one year high at $12.84 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.76 and the 200 Day Moving Average price is recorded at $9.46.
The stock has recorded a 20-day Moving Average of 15.38% and the 50-Day Moving Average is 19.68%.
Stillwater Mining Company (NYSE:SWC): stock turned positive on Friday. Though the stock opened at $12.37, the bulls momentum made the stock top out at $12.76 level for the day. The stock recorded a low of $12.09 and closed the trading day at $12.73, in the green by 4.34%. The total traded volume for the day was 2,170,970. The stock had closed at $12.2 in the previous days trading.
In an insider trading activity, Merrin Patrice E, director of Stillwater Mining Co /De/, executed a transaction worth $27,020 on November 26, 2014. A total of 2,000 shares were purchased at an average price of $13.51. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals (platinum group metals or PGMs) produced by mining a geological formation in south-central Montana, the J-M Reef and recycling spent catalytic converters and other industrial sources. The Company is also engaged in expanding its mining operations on the J-M Reef, and holds the Marathon PGM-copper property adjacent to Lake Superior in northern Ontario, Canada and the Altar copper-gold property in the province of San Juan, Argentina. It operates five reportable business segments: Mine Production, PGM Recycling, Canadian Properties, South American Properties and All Other. It conducts mining operations at its Stillwater Mine near Nye, Montana and at its East Boulder Mine south of Big Timber, Montana.