Xylem (NYSE:XYL) has been under a strong bear grip, hence the stock is down -0.54% 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 2.12% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.43% in the last 1 week, and is up 1.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 28.70% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $46.67 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $45.11 and the 200 Day Moving Average price is recorded at $40.24.
The stock has recorded a 20-day Moving Average of 2.73% and the 50-Day Moving Average is 5.15%.
Xylem (NYSE:XYL): stock turned positive on Friday. Though the stock opened at $46, the bulls momentum made the stock top out at $46.5 level for the day. The stock recorded a low of $45.93 and closed the trading day at $46.41, in the green by 1.71%. The total traded volume for the day was 1,109,063. The stock had closed at $45.63 in the previous days trading.
In an insider trading activity, Loranger Steven R, director of Xylem Inc., unloaded 50,000 shares at an average price of $44.52 on June 1, 2016. The total amount of the transaction was worth $2,226,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Xylem Inc. is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment. The Company is an equipment and service provider in various application areas of the water equipment industry: transport, treatment, test, building services, industrial processing and irrigation. The Companys water market brands, such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection, distribution and return) and Applied Water (usage).