Martin Marietta Materials (MLM) Shares are Down -1.2%

Martin Marietta Materials (MLM) : During the past 4 weeks, traders have been relatively bearish on Martin Marietta Materials (MLM), hence the stock is down -2.47% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.37% relative to the S&P 500. The 4-week change in the price of the stock is -2.99% and the stock has fallen -1.2% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.46% and the 50-Day Moving Average is 5.55%.The 200 Day SMA reached 7.1%

Martin

Martin Marietta Materials (NYSE:MLM): The stock opened in the green at $182.5 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $183.48 and a low of $178.69 for the day. The stock did not find buyers even at the lows and closed at $179.11 recording a loss of -1.86%. 1,117,760 shares exchanged hands during the trading day. The stock had closed at $179.11 in the previous days trading.

Martin Marietta Materials (MLM) : The highest short term price target forecast on Martin Marietta Materials (MLM) is $235 and the lowest target price is $166. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $198 with a standard deviation of $29.33.

Martin Marietta Materials, Inc. is a supplier of aggregates products (crushed stone, sand, and gravel) and heavy building materials (cement) for the construction industry, including infrastructure, non-residential, residential, railroad ballast, agricultural and chemical grade stone used in environmental applications. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Companys Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. The Companys Cement Business is engaged in producing Portland and specialty cements, such as masonry and oil well cements. The Companys Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.