Xylem (XYL) : Traders are bullish on Xylem (XYL) as it has outperformed the S&P 500 by a wide margin of 1.92% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.27%, 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 2.32% in the last 1 week, and is up 2.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.34% and the 50-Day Moving Average is 4.71%. Xylem (NYSE:XYL): On Fridays trading session , Opening price of the stock was $48.48 with an intraday high of $48.69. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $48.22. However, the stock managed to close at $48.45, a loss of 0.19% for the day. On the previous day, the stock had closed at $48.54. The total traded volume of the day was 1,224,224 shares.
The company Insiders own 0.77% of Xylem shares according to the proxy statements. Institutional Investors own 85.07% of Xylem shares. During last six month period, the net percent change held by insiders has seen a change of -16.59%. Also, In a research note released to the investors, Barclays maintains its rating on Xylem (NYSE:XYL).The analysts at the brokerage house have a current rating of Equalweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $39 per share to $45 per share. The rating by the firm was issued on July 18, 2016.
Xylem Inc. is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment. The Company is an equipment and service provider in various application areas of the water equipment industry: transport, treatment, test, building services, industrial processing and irrigation. The Companys water market brands, such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection, distribution and return) and Applied Water (usage).