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 3.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.72%, 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 2.68% in the last 1 week, and is up 4.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Spirit AeroSystems Holdings, Inc. has dropped 2.25% during the last 3-month period . Year-to-Date the stock performance stands at -9.09%. The stock has recorded a 20-day Moving Average of 3.44% and the 50-Day Moving Average is 3.95%.
Spirit Aerosystems Holdings (NYSE:SPR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.05 and $44.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.52, notching a gain of 0.55% for the day. The total traded volume was 930,516 . The stock had closed at $45.27 on the previous day.
Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Spirit Aerosystems Holdings (NYSE:SPR). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank lowers the price target from $53 per share to $48 per share. 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.