Eagle Materials Inc (EXP) : Traders are bullish on Eagle Materials Inc (EXP) as it has outperformed the S&P 500 by a margin of 2.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.56%, 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 5.2% in the last 1 week, and is up 9.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Eagle Materials Inc (NYSE:EXP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $83.04 and $82.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $84.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $83.91, notching a gain of 1.17% for the day. The total traded volume was 1,104,625 . The stock had closed at $82.94 on the previous day.
The stock has recorded a 20-day Moving Average of 6.54% and the 50-Day Moving Average is 7.27%. Eagle Materials Inc. is up 11.65% in the last 3-month period. Year-to-Date the stock performance stands at 39.23%.
Eagle Materials Inc. manufactures and distributes gypsum wallboard and also manufactures and sells cement. Gypsum wallboard is distributed throughout the United States, in the geographic markets nearest to its production facilities. The Company sells cement in six regional markets, including northern Nevada and California, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas. Its gypsum wallboard business is supported by its recycled paperboard business, while its cement business is supported by its concrete and aggregates business. The Company operates six cement plants, five gypsum wallboard plants, one recycled paperboard plant, seventeen concrete batching plants, four aggregates facilities and one frac sand processing and drying plant. The Company operates in two business segments: Cement and Concrete and Aggregates, and Gypsum Wallboard and Recycled Paperboard.