Leggett & Platt Incorporated (LEG) has risen sharply, recording gains of 3.42% in the past 4 weeks. However, the stock has corrected -1.68% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.06% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.01% and the 50-Day Moving Average is 3.43%. Leggett & Platt, Incorporated is up 7.38% in the last 3-month period. Year-to-Date the stock performance stands at 26.84%.
Leggett & Platt Incorporated (NYSE:LEG): On Fridays trading session , Opening price of the stock was $53.53 with an intraday high of $53.89. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $52.17. However, the stock managed to close at $52.57, a loss of 3.59% for the day. On the previous day, the stock had closed at $54.53. The total traded volume of the day was 2,367,208 shares.
Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings segment, which manufactures steel coiled bedsprings; Commercial Fixturing & Components segment, which include work furniture group that designs, manufactures, and distributes a range of engineered components and products primarily for the office seating market; Industrial Materials segment consists of wire group, which operates a steel rod mill and tubing group, which supplies welded steel tubing and Specialized Products segment designs, manufactures and sells products, including automotive seating components, specialized machinery and equipment, and service van interiors. Its brands include Semi-Flex, ComfortCore, Mira-Coil, Lura-Flex, Superlastic, Super Sagless, Tack & Jump, Schukra, Gribetz, Masterack and Hanes, among others.