Summit Materials (SUM) Shares are Down -3.39%

Summit Materials (SUM) : During the past 4 weeks, traders have been relatively bearish on Summit Materials (SUM), hence the stock is down -4.8% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.54% relative to the S&P 500. The 4-week change in the price of the stock is -5.31% and the stock has fallen -3.39% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.1% and the 50-Day Moving Average is 7.02%.The 200 Day SMA reached 4.58%

Summit

Summit Materials (NYSE:SUM): The stock opened in the green at $19.11 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $19.16 and a low of $18.42 for the day. The stock did not find buyers even at the lows and closed at $18.55 recording a loss of -2.78%. 1,850,244 shares exchanged hands during the trading day. The stock had closed at $18.55 in the previous days trading.

Summit Materials (SUM) : Average target price received by Summit Materials (SUM) is $25.4 with an expected standard deviation of $3.05. The most aggressive target on the stock is $30, whereas the most downbeat target is $23. 5 financial analysts are currently covering the stock.

Summit Materials, Inc. is a construction material company. The Company offers construction materials and related downstream products. The Companys materials include aggregates, which it supplies across the country, with a focus on Texas, Kansas, Kentucky, Utah and Missouri and cement, which the Company supplies in Missouri, Iowa and Illinois. In addition to supplying aggregates, it uses its materials to produce ready-mixed concrete and asphalt paving mix. The Company operates through three segments: West, Central and East. The Companys West region includes operations in Texas, the Mountain states of Utah, Colorado, Idaho and Wyoming and in British Columbia, Canada. The Companys Central region extends across the Midwestern United States, including Kansas, Missouri, Nebraska, Iowa and Illinois. The Companys East region serves markets in Kentucky, South Carolina, North Carolina, Tennessee and Virginia.

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