U.S. Silica Holdings (NYSE:SLCA) has risen sharply, recording gains of 3.72% in the past 4 weeks. However, the stock has corrected -1.83% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.07% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 38.70% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $35.66 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $32.14 and the 200 Day Moving Average price is recorded at $23.43.
The stock has recorded a 20-day Moving Average of 3.83% and the 50-Day Moving Average is 17.67%.
U.S. Silica Holdings (NYSE:SLCA): stock turned positive on Friday. Though the stock opened at $34.35, the bulls momentum made the stock top out at $35.11 level for the day. The stock recorded a low of $34.35 and closed the trading day at $34.87, in the green by 2.95%. The total traded volume for the day was 1,321,183. The stock had closed at $33.87 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Avramovich Daniel W, director of U.S. Silica Holdings, Inc., had unloaded 10,000 shares at an average price of $19.49 in a transaction dated on November 18, 2015. The total value of the transaction was worth $194,900.
U.S. Silica Holdings, Inc. (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. The Company operates approximately 17 production facilities across the United States and controlled 363 million tons of reserves, including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.