MDU Resources Group (MDU) has been under a strong bear grip, hence the stock is down -1.87% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.53% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.16% in the last 1 week, and is up 4.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
MDU Resources Group (NYSE:MDU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.36 and $24.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.65, notching a gain of 1.07% for the day. The total traded volume was 776,609 . The stock had closed at $24.39 on the previous day.
The stock has recorded a 20-day Moving Average of 2.88% and the 50-Day Moving Average is 6.98%. MDU Resources Group Inc. is up 26.93% in the last 3-month period. Year-to-Date the stock performance stands at 37.02%.
MDU Resources Group, Inc. is a natural resource company. The Companys segments include electric, natural gas distribution, pipeline and energy services, exploration and production, construction materials and contracting and construction services. The electric segment provides electric service at retail. The natural gas distribution segment sells natural gas at retail. The pipeline and energy services segment through WBI Holdings, Inc. owns and operates both regulated and nonregulated businesses. The exploration and production segment is involved in the development and production of oil and natural gas resources. The construction materials and contracting segment mines aggregates and markets crushed stone, sand, gravel and related construction materials. The construction services segment is engaged in constructing and maintaining electric and communication lines, gas pipelines, fire suppression systems, and external lighting and traffic signalization equipment.