Trinity Industries (NYSE:TRN) : Traders are bullish on Trinity Industries (NYSE:TRN) as it has outperformed the S&P 500 by a wide margin of 6.4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.46%, 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 2.76% in the last 1 week, and is up 8.12% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -23.66% from its 1 Year high price. On Oct 23, 2015, the shares registered one year high at $30.38 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $18.39 and the 200 Day Moving Average price is recorded at $19.22.
The stock has recorded a 20-day Moving Average of 6.11% and the 50-Day Moving Average is 8.2%.
Trinity Industries (NYSE:TRN): stock turned positive on Friday. Though the stock opened at $19.39, the bulls momentum made the stock top out at $19.805 level for the day. The stock recorded a low of $19.39 and closed the trading day at $19.71, in the green by 2.82%. The total traded volume for the day was 1,775,811. The stock had closed at $19.17 in the previous days trading.
In an insider trading activity, Menzies D Stephen, officer (Senior Vice President) of Trinity Industries Inc, unloaded 101,296 shares at an average price of $27.46 on November 2, 2015. The total amount of the transaction was worth $2,781,588, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Trinity Industries, Inc. is a diversified industrial company that owns businesses providing products and services to the energy, transportation, chemical and construction sectors. The Companys products and services include railcars and railcar parts, the leasing, management, and maintenance of railcars, inland barges, highway products, aggregates, storage and distribution containers, structural wind towers, electric utility structures and parts and steel components. The Company operates under the following segments: the Rail Group, Construction Products Group, Inland Barge Group, Energy Equipment Group, Railcar Leasing and Management Services Group, and All Other. The Company caters to concrete producers, which include commercial, residential, highway contractors, manufacturers of masonry products, and state and local municipalities. It also caters to commercial marine transportation companies, wind turbine producers, dealers and industrial users.