Hexcel Corporation (HXL) : Traders are bullish on Hexcel Corporation (HXL) as it has outperformed the S&P 500 by a wide margin of 1.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.47%, 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 1.44% in the last 1 week, and is up 2.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Hexcel Corp. is up 3.18% in the last 3-month period. Year-to-Date the stock performance stands at -2.04%. The stock has recorded a 20-day Moving Average of 2.45% and the 50-Day Moving Average is 5.74%.
Hexcel Corporation (NYSE:HXL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.91 and $44.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.16, notching a gain of 0.09% for the day. The total traded volume was 323,946 . The stock had closed at $45.12 on the previous day.
Also, Bank of America downgrades its view on Hexcel Corporation (NYSE:HXL) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on July 29, 2016.
Hexcel Corporation (Hexcel) is a composites company. The Company develops, manufactures and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets. The Company operates in two segments: Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems and laminates. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts for use in the aerospace industry.