Louisiana-Pacific Corporation (LPX) : Traders are bullish on Louisiana-Pacific Corporation (LPX) as it has outperformed the S&P 500 by a margin of 13.59% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.45%, 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 6.1% in the last 1 week, and is up 21.26% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Louisiana-Pacific Corporation (NYSE:LPX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.29 and $20.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.36, notching a gain of 0.35% for the day. The total traded volume was 2,226,484 . The stock had closed at $20.29 on the previous day.
The stock has recorded a 20-day Moving Average of 11.82% and the 50-Day Moving Average is 13.36%. Louisiana-Pacific Corp. is up 18.1% in the last 3-month period. Year-to-Date the stock performance stands at 13.05%.
Louisiana-Pacific Corporation is a manufacturer of building products. The Companys products are used in new home construction, repair and remodeling, and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products, which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL), I-Joists, laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands, and other products, services and closed operations.