Titan International (TWI) : Traders are bullish on Titan International (TWI) as it has outperformed the S&P 500 by a wide margin of 44.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.93%, 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 7.89% in the last 1 week, and is up 44.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Titan International Inc. is up 64.01% in the last 3-month period. Year-to-Date the stock performance stands at 143.33%. The stock has recorded a 20-day Moving Average of 22.39% and the 50-Day Moving Average is 35.5%.
Titan International (NYSE:TWI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.15 and $9.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.57, notching a gain of 4.48% for the day. The total traded volume was 675,631 . The stock had closed at $9.16 on the previous day.
Also, In a research note released to the investors, Jefferies maintains its rating on Titan International (NYSE:TWI).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Jefferies raises the new price target from $6 per share to $8 per share. The rating by the firm was issued on August 5, 2016.
Titan International, Inc. together with its subsidiaries manufactures wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates in three segments: agricultural, earthmoving/construction and consumer. Titans agricultural segment includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment. Titans earthmoving/construction segment includes rims, wheels, tires and undercarriage systems and components for various types of off-the-road (OTR) earthmoving, mining, military and construction equipment. The Companys consumer segment includes bias truck tires in Latin America and light truck tires in Russia, as well as products for all-terrain vehicles (ATVs) and recreational/utility trailers.