Leggett & Platt Incorporated (LEG) : The money flow analysis of Leggett & Platt Incorporated (LEG) indicates a $20.39 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $26.87 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.32 and so was the total money flow at $6.48 million. A solid up-down ratio of 15.48 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $7.14 million worth of block trades on upticks. Only $0.46 million worth of the stock exchanged hands on downticks. The money flow was $6.68 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Leggett & Platt Incorporated (LEG), pushing it down by -3.6% for the day. The stock slid $1.74 and traded at $46.58 during the day. Nonetheless, the stock is -4.25% over the previous weeks close.
Leggett & Platt, Incorporated has lost 5.96% in the last five trading days and dropped 10.26% in the last 4 weeks. Leggett & Platt, Incorporated has dropped 6.15% during the last 3-month period . Year-to-Date the stock performance stands at 13.16%.
Leggett & Platt Incorporated (LEG) : 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Leggett & Platt Incorporated (LEG). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Hold with a rating of 3.5.
Leggett & Platt Incorporated (NYSE:LEG): stock was range-bound between the intraday low of $45.86 and the intraday high of $47.91 after having opened at $47.75 on Wednesdays session. The stock finally closed in the red at $47.75, a loss of -3.60%. The stock remained in the red for the whole trading day. The total traded volume was 2,481,500 shares. The stock failed to cross $47.91 in Wednesdays trading. The stocks closing price on Thursday was $48.32.
Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings segment, which manufactures steel coiled bedsprings; Commercial Fixturing & Components segment, which include work furniture group that designs, manufactures, and distributes a range of engineered components and products primarily for the office seating market; Industrial Materials segment consists of wire group, which operates a steel rod mill and tubing group, which supplies welded steel tubing and Specialized Products segment designs, manufactures and sells products, including automotive seating components, specialized machinery and equipment, and service van interiors. Its brands include Semi-Flex, ComfortCore, Mira-Coil, Lura-Flex, Superlastic, Super Sagless, Tack & Jump, Schukra, Gribetz, Masterack and Hanes, among others.