Spirit Aerosystems Holdings (SPR) Shares are Up 1.84%

Spirit Aerosystems Holdings (SPR) : Traders are bullish on Spirit Aerosystems Holdings (SPR) as it has outperformed the S&P 500 by a wide margin of 1.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.78%, 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 1.84% in the last 1 week, and is up 2.12% 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 1.41% and the 50-Day Moving Average is 0.8%. Spirit Aerosystems Holdings (NYSE:SPR): stock turned positive on Friday. Though the stock opened at $44.25, the bulls momentum made the stock top out at $44.415 level for the day. The stock recorded a low of $43.77 and closed the trading day at $44.33, in the green by 0.11%. The total traded volume for the day was 1,224,053. The stock had closed at $44.28 in the previous days trading.

Spirit

The company Insiders own 0.41% of Spirit Aerosystems Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -19.21% . During last six month period, the net percent change held by insiders has seen a change of -15.18%. Also, Deutsche Bank maintains its rating on Spirit Aerosystems Holdings (NYSE:SPR). The global brokerage major lowers the current price target from $53 per share to $48 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on July 11, 2016.

Spirit AeroSystems Holdings, Inc. is an independent non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero structures. The Company operates in three segments: Fuselage Systems, Propulsion Systems and Wing Systems. Fuselage Systems segment develops, produces and markets forward, mid and rear fuselage sections and systems, primarily to aircraft OEMs, as well as related spares and maintenance, repair and overhaul support and services (MRO). The Propulsion Systems segment develops, produces and markets struts/pylons, nacelles (including thrust reversers) and related engine structural components primarily to aircraft or engine OEMs, as well as related spares and MRO services. The Wing Systems segment develops, produces and markets forward wings and wing components (including flight control surfaces), and other miscellaneous structural parts primarily to aircraft OEMs, as well as related spares and MRO services.

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