Honda Motor Company Ltd. (HMC) Shares are Up 5.08%

Honda Motor Company Ltd. (HMC) : Traders are bullish on Honda Motor Company Ltd. (HMC) as it has outperformed the S&P 500 by a wide margin of 13.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.11%, 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 5.08% in the last 1 week, and is up 14.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Honda Motor Co., Ltd. is up 14.29% in the last 3-month period. Year-to-Date the stock performance stands at -4.07%. The stock has recorded a 20-day Moving Average of 7.88% and the 50-Day Moving Average is 14.02%.


Honda Motor Company Ltd. (NYSE:HMC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.71 and $30.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.63, notching a gain of 2.20% for the day. The total traded volume was 1,138,676 . The stock had closed at $29.97 on the previous day.

Also, Brokerage firm Bank of America downgrades its rating on Honda Motor Company Ltd. (NYSE:HMC). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 31, 2016.

Honda Motor Co., Ltd. (Honda), develops, produces and manufactures a range of motor products, ranging from small general-purpose engines and scooters to specialty sports cars. The Company has four segments: motorcycle business, automobile business, financial services business, and power product and other businesses. Hondas motorcycle business segment offers motorcycle line, including sports (including trial and moto-cross racing), business and commuter models. Its automobile business segment offers passenger cars, light trucks and mini vehicles. The Companys financial services business segment offers retail lending, leasing to customers and other financial services, such as wholesale financing to dealers. Its power product and other businesses segment manufactures a power products, including tillers, portable generators, general-purpose engines, grass cutters, outboard marine engines, water pumps, snow throwers, power carriers, power sprayers, lawn mowers and lawn tractors.

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