Tempur Sealy International (TPX) : Traders are bullish on Tempur Sealy International (TPX) as it has outperformed the S&P 500 by a margin of 3.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.62%, 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 3.25% in the last 1 week, and is up 10.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Tempur Sealy International (NYSE:TPX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $60.23 and $59.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $61.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $61.37, notching a gain of 2.06% for the day. The total traded volume was 1,343,188 . The stock had closed at $60.13 on the previous day.
The stock has recorded a 20-day Moving Average of 7.28% and the 50-Day Moving Average is 5.27%. Tempur Sealy International Inc. is up 7.05% in the last 3-month period. Year-to-Date the stock performance stands at -12.9%.
Tempur Sealy International, Inc. is a bedding provider. The Company develops, manufactures, markets and distributes bedding products, which it sells globally in approximately 100 countries. The Company operates in three segments: Tempur North America, Tempur International and Sealy. The Companys brand portfolio includes TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum and Stearns & Foster. The Company sells its products through three distribution channels in each operating business segment: Retail, which consists of furniture and bedding retailers, department stores, specialty retailers and warehouse clubs; Direct, which consists of electronic commerce (e-commerce) platform, Company-owned stores and call center, and Other, which includes third party distributors, hospitality and healthcare customers.