Penske Automotive Group (PAG) Shares are Up 10.3%

Penske Automotive Group (PAG) : Traders are bullish on Penske Automotive Group (PAG) as it has outperformed the S&P 500 by a wide margin of 20.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.37%, 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 10.3% in the last 1 week, and is up 24.67% 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 16.91% and the 50-Day Moving Average is 11.5%. Penske Automotive Group, Inc. is up 2.02% in the last 3-month period. Year-to-Date the stock performance stands at -4.92%.


Penske Automotive Group (NYSE:PAG): stock turned positive on Friday. Though the stock opened at $37.25, the bulls momentum made the stock top out at $39.79 level for the day. The stock recorded a low of $37.25 and closed the trading day at $39.62, in the green by 6.73%. The total traded volume for the day was 1,852,779. The stock had closed at $37.12 in the previous days trading.

Also, Major Brokerage house, KeyBanc downgrades its ratings on Penske Automotive Group (NYSE:PAG). According to the latest information available, the shares are now rated Sector Perform by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on June 28, 2016.

Penske Automotive Group, Inc. is a transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Company distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand. The Company operates in two segments: Retail Automotive, which includes the Companys retail automotive dealership operations and Other, which include the Companys retail commercial vehicle dealership operations, commercial vehicle distribution operations and its investments in non-automotive retail operations. The individual dealership operations of Retail Automotive segment operates in four geographic regions: Eastern, Central, Western United States and International. As of December 31, 2014, the Company operated 327 automotive retail franchises, of which 179 franchises are located in the United States and 148 franchises are located outside of the United States.

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