LKQ Corporation (LKQ) : Traders are getting increasingly bearish on LKQ Corporation (LKQ), as can be seen in the addition of short positions from 5,044,424 on Jul 29, 2016, to 5,895,130 on August 15, 2016. The net change in shorts is 850,706 shares, an increase of 16.9%. 3 days remain before the expiry. The 1.9% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 1,796,068. The short interest information was released on Wednesday Aug 24th after the market close.
LKQ Corporation (NASDAQ:LKQ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.81 and $35.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.88, notching a gain of 0.25% for the day. The total traded volume was 1,153,940 . The stock had closed at $35.79 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Wagman Robert L, director officer (President and CEO) of Lkq Corp, had unloaded 19,700 shares at an average price of $34.51 in a transaction dated on August 1, 2016. The total value of the transaction was worth $679,847.
LKQ Corporation is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The company distributes a variety of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, refurbished collision products such as wheels, bumper covers and lights, and remanufactured engines. It is a provider of alternative vehicle collision replacement products and alternative vehicle mechanical replacement products, with its sales, processing, and distribution facilities reaching markets in the United States and Canada. It also provides alternative vehicle replacement and maintenance products in the United Kingdom and the Benelux region of continental Europe. The Company is organized into four segments: Wholesale – North America; Wholesale – Europe; Self Service, and Specialty.