On a relative basis, the stock has outperformed the S&P 500 by 2.11% in the past 4 weeks, but has underperformed the S&P 500 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 0.2% in the last 1 week, and is up 9.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Darling Ingredients (NYSE:DAR): The stock opened at $15.44 on Friday but the bulls could not build on the opening and the stock topped out at $15.48 for the day. The stock traded down to $15.06 during the day, due to lack of any buying support eventually closed down at $15.37 with a loss of -0.13% for the day. The stock had closed at $15.39 on the previous day. The total traded volume was 912,742 shares.
The stock has recorded a 20-day Moving Average of 3.09% and the 50-Day Moving Average is 2.52%. Darling Ingredients Inc. is up 8.24% in the last 3-month period. Year-to-Date the stock performance stands at 46.1%.
Darling Ingredients Inc., formerly Darling International Inc., is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food, pet food, pharmaceutical, feed, fuel, bioenergy and fertilizer industries. The Company operates in three segments: Feed Ingredients, which includes the edible and inedible animal by-products, bakery and hides business lines; Food Ingredients, which includes the gelatin, casings and edible fats business lines, and Fuel Ingredients, which includes the biofuel and bioenergy business lines. It recycles animal by-product streams into useable and specialty ingredients, such as gelatin, tallow, feed-grade fats, meat and bone meal, poultry meal, yellow grease, fuel feed stocks, green energy, natural casings and hides. The Company also recovers and converts used cooking oil and commercial bakery residuals into feed and fuel ingredients.