PACCAR (PCAR) : Traders are bullish on PACCAR (PCAR) as it has outperformed the S&P 500 by a wide margin of 10.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.29%, 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 7.22% in the last 1 week, and is up 13.75% 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 9.05% and the 50-Day Moving Average is 8.69%. PACCAR Inc. is up 0.53% in the last 3-month period. Year-to-Date the stock performance stands at 25.54%.
PACCAR (NASDAQ:PCAR): stock turned positive on Friday. Though the stock opened at $58.57, the bulls momentum made the stock top out at $59.17 level for the day. The stock recorded a low of $57.4 and closed the trading day at $58.97, in the green by 0.75%. The total traded volume for the day was 2,504,586. The stock had closed at $58.53 in the previous days trading.
Also, Barclays maintains its view on PACCAR (NASDAQ:PCAR) according to the research report released by the firm to its investors. The shares have now been rated Underweight by the stock experts at the ratings house. Barclays raises the price target from $45 per share to $47 per share on PACCAR . 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.