Westport Innovations Inc (WPRT) has been under a strong bear grip, hence the stock is down -8.74% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.05% in the past 1 week. The stock has risen by 0.67% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.58% in the past 4 weeks.
Westport Innovations Inc (NASDAQ:WPRT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.42 and $1.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.51, notching a gain of 8.63% for the day. The total traded volume was 1,141,112 . The stock had closed at $1.39 on the previous day.
The stock has recorded a 20-day Moving Average of 1.34% and the 50-Day Moving Average is 15.33%. Westport Fuel Systems Inc. has dropped 39.84% during the last 3-month period . Year-to-Date the stock performance stands at -24.88%.
Westport Innovations Inc. is a provider of engine and fuel system technologies utilizing gaseous fuels. The Company operates through six segments: Westport Applied Technologies Business Unit, Westport On-Road Systems Business Unit, Westport Off-Road Systems Business Unit, Corporate and Technology Investments Business Unit, Cummins Westport Inc and Weichai Westport Inc. Westport Applied Technologies Business Unit designs, produces, and sells compressed natural gas and liquefied petroleum gas components and subsystems for natural gas vehicles. Westport On-Road Systems Business Unit engineers, designs, assemble and sell natural gas engine and vehicle systems. Westport Off-Road Systems Business Unit engineers, designs, and markets the Companys natural gas technologies. Cummins Westport serves the medium- to heavy-duty engine markets with spark ignited natural gas engines. Weichai Westport develops, manufactures, and sells advanced, alternative fuel engines and parts.