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Stock of the Day: Do Overbought Conditions Mean Builders FirstSource Is About To Reverse?
Monday, August 26, 2024 - 12:40pm | 555Momentum refers to how far a stock's price has moved in a given time. For the most part, stocks stay within their average or typical range. If the price exceeds this range, the stock is considered to be overbought. Three popular momentum indicators on the following chart show that shares of...
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BlueLinx Stock Soars On Cedar Creek Acquisition
Monday, March 12, 2018 - 12:46pm | 374BlueLinx Holdings Inc. (NYSE: BXC), a distributor of building products in North America, saw its stock soar higher by more than 80 percent in reaction to an acquisition announcement. What Happened BlueLinx Holdings reached an agreement to acquire Cedar Creek, a building wholesaler distributor,...
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Despite Q4 Beat, KeyBanc Downgrades Gibraltar Industries
Thursday, March 1, 2018 - 10:42am | 356Gibraltar Industries Inc (NASDAQ: ROCK) reported an adjusted EPS and sales beat before the open Thursday, but released mixed first-quarter guidance, with a 23-to-28-cent adjusted EPS expected versus a 30-cent consensus estimate, and sales of $213-220 million against a $215.4-million estimate....