Notable Reporting: Is Buying 52-Week Stock Like Federal-Mogul Holdings Corp a Winning Strategy?

Notable Reporting: Is Buying 52 Week Stock Like Federal Mogul Holdings Corp a Winning Strategy?

The stock of Federal-Mogul Holdings Corp (NASDAQ:FDML) hit a new 52-week high and has $10.40 target or 3.00% above today’s $10.10 share price. The 8 months bullish chart indicates low risk for the $1.77 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $10.40 price target is reached, the company will be worth $53.10 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 50,375 shares traded hands. Federal-Mogul Holdings Corp (NASDAQ:FDML) has risen 7.78% since April 22, 2016 and is uptrending. It has outperformed by 2.37% the S&P500.

Analysts await Federal-Mogul Holdings Corp (NASDAQ:FDML) to report earnings on March, 6.

Federal-Mogul Holdings Corp (NASDAQ:FDML) Ratings Coverage

Out of 2 analysts covering Federal-Mogul (NASDAQ:FDML), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Federal-Mogul has been the topic of 2 analyst reports since October 29, 2015 according to StockzIntelligence Inc. The rating was maintained by FBR Capital on Thursday, October 29 with “Mkt Perform”. As per Thursday, October 29, the company rating was upgraded by Gabelli.

According to Zacks Investment Research, “FEDERAL MOGUL CORPORATION is a leading global supplier of powertrain, chassis and safety technologies, serving the world’s foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. The company’s leading technology and innovation, lean manufacturing expertise, as well as marketing and distribution deliver world-class products, brands and services with quality excellence at a competitive cost. Federal-Mogul is focused on its sustainable global profitable growth strategy, creating value and satisfaction for its customers, shareholders and employees. Federal-Mogul was founded in Detroit in 1899. The company is headquartered in Southfield, Michigan, and employs 50,000 people in 35 countries.”

Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.08, from 1.11 in 2016Q1. The ratio improved, as 12 funds sold all Federal-Mogul Holdings Corp shares owned while 23 reduced positions. 11 funds bought stakes while 28 increased positions. They now own 165.89 million shares or 0.30% less from 166.39 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement accumulated 19,442 shares or 0% of the stock. Blackrock Gru owns 17,808 shares or 0% of their US portfolio. Invesco Ltd has 133,703 shares for 0% of their US portfolio. Geode Mngmt Ltd has 0% invested in the company for 298,103 shares. Renaissance Technology Ltd Liability holds 229,830 shares or 0% of its portfolio. Price T Rowe Associate Md, a Maryland-based fund reported 10,100 shares. Sei Invs last reported 0% of its portfolio in the stock. Rhumbline Advisers has invested 0% of its portfolio in Federal-Mogul Holdings Corp (NASDAQ:FDML). Deutsche National Bank & Trust Ag, a Germany-based fund reported 11,777 shares. New York State Common Retirement Fund reported 27,700 shares or 0% of all its holdings. First Manhattan, a New York-based fund reported 267,439 shares. Metropolitan Life Ins Ny last reported 23,201 shares in the company. Morgan Stanley holds 223,515 shares or 0% of its portfolio. Spark Inv Management Limited Liability Com, a New York-based fund reported 161,300 shares. Wells Fargo Com Mn has 0% invested in the company for 7,915 shares.

More recent Federal-Mogul Holdings Corp (NASDAQ:FDML) news were published by: Prnewswire.com which released: “Federal-Mogul Holdings Corporation Investigated By Block & Leviton Regarding …” on September 30, 2016. Also Fool.com published the news titled: “Why Federal-Mogul Holdings Corp. Shares Skyrocketed” on February 29, 2016. Prnewswire.com‘s news article titled: “FEDERAL-MOGUL SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the …” with publication date: September 09, 2016 was also an interesting one.

FDML Company Profile

Federal-Mogul Holdings Corporation, incorporated on March 24, 2014, is a supplier of technology in vehicle and industrial products for fuel economy, emissions reduction and safety systems. The Firm operates in two divisions: Powertrain segment and Motorparts segment. The Powertrain segment focuses on original equipment products for automotive, heavy duty and industrial applications. The Motorparts segment sells and distributes a portfolio of products in the global aftermarket. The Firm supplies a range of components, accessories and systems. The Firm serves the original equipment manufacturers (OEM) and original equipment servicers (OES) (collectively OE) of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment. The Firm offers brands, OE replacement and entry/mid-level products for all aftermarket customers.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment