Federal Signal Corporation (FSS) : Traders are increasing their bearish positions on the stock, as is visible by the 3.3% jump in the outstanding short positions; a total addition of 23,776 shares on the sell side. On Jul 29, 2016, the total short positions were 717,512 shares, which went up to 741,288 shares by the close of trading on August 15, 2016. It will take 2 days for the bears to roll over or cover. An average of 322,944 shares exchange hands daily. 1.3% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Federal Signal Corporation (NYSE:FSS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.74 and $12.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.27, notching a gain of 3.83% for the day. The total traded volume was 713,078 . The stock had closed at $12.78 on the previous day.
In a related news, Cook Julie A, officer (VP – Human Resources) of Federal Signal Corp /De/ had purchased 4,250 shares on March 3, 2016 in a transaction. The price per share was $11.82 and the total amount of the disclosed transaction was $50,235.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Federal Signal Corporation designs and manufactures a suite of products and integrated solutions for municipal governmental industrial and commercial customers. Federal Signal Corporation and its subsidiaries operate 12 manufacturing facilities in six countries around the world. The Company operates in three segments: Environmental Solutions Safety and Security Systems and Fire Rescue. Environmental Solutions is a manufacturer and supplier of a range of street sweeper and vacuum trucks and waterblasting equipment for municipal and industrial customers. Safety and Security Systems is a manufacturer and supplier of systems and products that law enforcement, fire rescue, emergency medical services campuses, military facilities and industrial sites use to protect people and property. Fire Rescue is a manufacturer and supplier of vehiclemounted aerial platforms for fire fighting rescue electric utility and industrial uses.