PACCAR (PCAR) has been under a strong bear grip, hence the stock is down -0.87% 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 1.59% 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 2.21% in the last 1 week, and is up 5.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
PACCAR (NASDAQ:PCAR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.98 and $54.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.00, notching a gain of 0.53% for the day. The total traded volume was 1,655,443 . The stock had closed at $54.71 on the previous day.
The stock has recorded a 20-day Moving Average of 4.53% and the 50-Day Moving Average is 1.54%. PACCAR Inc. has dropped 2.23% during the last 3-month period . Year-to-Date the stock performance stands at 17.09%.
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.