NN (NNBR) Shares are Up 3.83%

NN (NNBR) : Traders are bullish on NN (NNBR) as it has outperformed the S&P 500 by a wide margin of 6.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.86%, 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 3.83% in the last 1 week, and is up 7.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

NN Inc. is up 11.51% in the last 3-month period. Year-to-Date the stock performance stands at 8.3%. The stock has recorded a 20-day Moving Average of 3.16% and the 50-Day Moving Average is 5.91%.


NN (NASDAQ:NNBR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.71 and $16.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.09, notching a gain of 2.15% for the day. The total traded volume was 231,007 . The stock had closed at $16.73 on the previous day.

NN, Inc. is an industrial company and a global manufacturer of metal bearing, plastic, rubber and precision metal components. The Company has three operating segments, the Metal Bearing Components Segment, the Plastic and Rubber Components Segment, and the Autocam Precision Components Segment. It has 25 manufacturing plants in the United States, Western Europe, Eastern Europe, South America and China. The Metal Bearing Components segment manufactures and supplies bearing components, consisting of balls, cylindrical rollers, tapered rollers and metal retainers. The Plastic and Rubber Components segment includes bearing seals, plastic retainers and precision plastic components. The Autocam Precision Components segment sells a range of engineered, close tolerance, precision-machined metal components and subassemblies.

Comments (0)

Leave a Reply

Your email address will not be published.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