MSC Industrial Direct Company (MSM) has been under a strong bear grip, hence the stock is down -0.34% 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 0.84% 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 0.89% in the last 1 week, and is up 0.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.78% and the 50-Day Moving Average is 1.82%. MSC Industrial Direct Company (NYSE:MSM): stock turned positive on Friday. Though the stock opened at $73.37, the bulls momentum made the stock top out at $73.65 level for the day. The stock recorded a low of $73.05 and closed the trading day at $73.5, in the green by 0.10%. The total traded volume for the day was 1,003,646. The stock had closed at $73.43 in the previous days trading.
The company Insiders own 31.75% of MSC Industrial Direct Company shares according to the proxy statements. Institutional Investors own 76.93% of MSC Industrial Direct Company shares. During last six month period, the net percent change held by insiders has seen a change of -8.09%. Also, Brokerage firm Barclays maintains its rating on MSC Industrial Direct Company (NYSE:MSM). As per the latest information, the brokerage house raises the price target to $66 per share from a prior target of $64. The shares have been rated Underweight. The rating by the firm was issued on July 7, 2016.
MSC Industrial Direct Co., Inc. (MSC) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States. The Company operates primarily in the United States, with customers in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico). Its products represent a range of MRO products that include cutting tools; measuring instruments; tooling components; metalworking products; fasteners; flat stock; raw materials; abrasives; machinery hand and power tools; safety and janitorial supplies; plumbing supplies; materials handling products; power transmission components and electrical supplies.