Louisiana-Pacific Corporation (LPX) has risen sharply, recording gains of 12.98% in the past 4 weeks. However, the stock has corrected -0.79% 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 9.3% 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 5.55% and the 50-Day Moving Average is 11.1%. Louisiana-Pacific Corp. is up 18.82% in the last 3-month period. Year-to-Date the stock performance stands at 12.16%.
Louisiana-Pacific Corporation (NYSE:LPX): On Fridays trading session , Opening price of the stock was $20.44 with an intraday high of $20.585. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.17. However, the stock managed to close at $20.2, a loss of 1.37% for the day. On the previous day, the stock had closed at $20.48. The total traded volume of the day was 1,822,024 shares.
Also, Equity Analysts at the Brokerage Firm, Dundee, upgrades their rating on the shares of Louisiana-Pacific Corporation (NYSE:LPX). Dundee has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 21, 2016.
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.