PACCAR (PCAR) Shares are Down -0.43%

PACCAR (PCAR) has risen sharply, recording gains of 7.25% in the past 4 weeks. However, the stock has corrected -0.43% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.15% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.75% and the 50-Day Moving Average is 5.51%. PACCAR (NASDAQ:PCAR): On Fridays trading session , Opening price of the stock was $57.67 with an intraday high of $58.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57.57. However, the stock managed to close at $57.71, a loss of 0.33% for the day. On the previous day, the stock had closed at $57.9. The total traded volume of the day was 1,192,716 shares.


The company Insiders own 2.62% of PACCAR shares according to the proxy statements. Institutional Investors own 61.98% of PACCAR shares. Also, Barclays maintains their rating on the shares of PACCAR (NASDAQ:PCAR). The current rating of the shares is Underweight. Equity Analysts at the Firm raises the price target to $47 per share from $45 per share. The rating by the firm was issued on July 27, 2016.

PACCAR Inc is a company operating in three principal industry segments: the Truck segment, includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, includes finance and leasing products and services provided to customers and dealers in the United States, Canada, Mexico, Europe and Australia. The Company also operates in Australia and Brazil, and sells trucks and parts to customers in Asia, Africa, Middle East and South America. The Companys trucks are marketed under the Kenworth, Peterbilt and DAF nameplates. It also manufactures industrial winches in two plants in the United States.

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Your email address will not be published.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.