Navistar International Corporation (NAV) : Traders are bullish on Navistar International Corporation (NAV) as it has outperformed the S&P 500 by a wide margin of 6.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.13%, 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 5.19% in the last 1 week, and is up 7.86% 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 4.95% and the 50-Day Moving Average is 6.51%. Navistar International Corporation (NYSE:NAV): On Fridays trading session , Opening price of the stock was $13.31 with an intraday high of $13.64. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.11. However, the stock managed to close at $13.17, a loss of 1.13% for the day. On the previous day, the stock had closed at $13.32. The total traded volume of the day was 936,687 shares.
The company Insiders own 21.6% of Navistar International Corporation shares according to the proxy statements. Also, Piper Jaffray downgrades its rating on Navistar International Corporation (NYSE:NAV). Analysts at the Piper Jaffray have a current rating of Neutral on the shares. The shares were previously rated Overweight. The rating by the firm was issued on June 28, 2016.
Navistar International Corporation (NIC) is a holding company, whose principal operating subsidiaries are Navistar, Inc. and Navistar Financial Corporation (NFC). The Company is a manufacturer of International brand commercial and military trucks, MaxxForce brand diesel engines, IC Bus (IC) brand school and commercial buses, as well as a provider of service parts for trucks and diesel engines. It also provides retail, wholesale, and lease financing of trucks and parts. The Company operates in four reporting segments, which comprises: North America Truck, North America Parts, Global Operations (collectively referred to as Manufacturing operations), and Financial Services. Its principal products and services include Trucks, Parts, Engines and Financial Services.