Service Corporation International (SCI) has been under a strong bear grip, hence the stock is down -4.81% 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 1.47% in the past 1 week. The stock has risen by 1.52% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.83% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.24% and the 50-Day Moving Average is 0.4%. Service Corporation International (NYSE:SCI): stock turned positive on Friday. Though the stock opened at $26.89, the bulls momentum made the stock top out at $27.53 level for the day. The stock recorded a low of $26.89 and closed the trading day at $27.37, in the green by 1.75%. The total traded volume for the day was 1,296,393. The stock had closed at $26.9 in the previous days trading.
The company Insiders own 6% of Service Corporation International shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.72% . Institutional Investors own 82.49% of Service Corporation International shares. During last six month period, the net percent change held by insiders has seen a change of -5.72%. Also, Wells Fargo initiates coverage on Service Corporation International (NYSE:SCI). The shares have now been rated Market Perform by the stock experts at the ratings house. The rating by the firm was issued on August 2, 2016.
Service Corporation International is a provider of death care products and services. The Company has a network of funeral service locations and cemeteries operating in the United States and Canada. Its funeral service and cemetery operations consist of funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria and related businesses. The Companys segments include Funeral and Cemetery. The Companys brands include Dignity Memorial, Dignity Planning, National Cremation Society, Advantage, Funeraria Del Angel, Making Everlasting Memories and Neptune Society/Trident Society. The Company sells cemetery property and funeral and cemetery merchandise and services at the time of need and on a pre-need basis. The Company provides professional services relating to funerals and cremations, including the use of funeral facilities and motor vehicles and preparation and embalming services.