StockCall.com Provides Stock Research on General Electric Co., 3D Systems Corp., Cummins Inc., Colfax Corp., and ITT Corp.
New York City, New York -- (June 03, 2013)
The diversified machinery sector faced significant challenges in 2012 due to the uncertain economic environment in the U.S. as well as a slowdown in the global economy. While the outlook for the global economy remains cautious, the U.S. economy has shown signs of significant improvement since the start of this year. Manufacturing activity in the U.S. has been picking up pace which should benefit diversified machinery makers. On Friday, May 31, 2013, shares in diversified machinery companies ended mostly lower as the U.S. equity market fell sharply. The major movers in the sector included General Electric Company (NYSE: GE), 3D Systems Corporation (NYSE: DDD), Cummins Inc. (NYSE: CMI), Colfax Corp. (NYSE: CFX), and ITT Corp. (NYSE: ITT). StockCall has posted free technical research reports on GE, DDD, CMI, CFX, and ITT and these can be accessed by signing up at
Shares in General Electric Company moved lower on Friday, tracking losses in the broader market. The company’s shares traded between $23.31 and $23.79 before finishing the day 1.19% lower at $23.32. A total of 49.26 million shares were traded which is above the daily average volume of 43.91 million. The company’s shares are currently trading 3.36% below their 52-week high. So far this year, the stock has gained over 12%. Download the free report on GE upon registration at
3D Systems Corporation’s stock was one of the worst performers in the industrials sector on Friday. The stock closed 3.39% lower at $48.52 after trading between $48.26 and $50.98. A total of 5.45 million shares were traded which is below the daily average volume of 5.70 million. However, despite the sharp decline on Friday, shares of DDD have gained nearly 3.40% in the last three trading sessions. DDD technical report can be accessed for free by signing up at
Shares in Cummins Inc. moved higher on Friday even as the broader market struggled. The company’s shares hit an intraday high of $122.32 before finishing the day 1.65% higher at $119.63. A total of 2.96 million shares were exchanged which is well above the daily average volume of 1.94 million. Shares of CMI are currently trading close to their 52-week high of $122.54. The stock has gained over 2% in the last three sessions. The free report on CMI can be downloaded by signing up now at
Colfax Corp.’s stock also moved higher on Friday, closing at $49.90, up 0.73% from previous trading session’s closing price. The stock hit a 52-week high of $50.46 on Friday. A total of 964,953 shares were traded which is below the daily average volume of 1.12 million. So far this year, the company’s shares have gained nearly 23.70%, outperforming the S&P 500. The stock is also trading above its 50- and 200-day moving averages. Free report on CFX can be accessed by registering at
Shares in ITT Corp. ended slightly lower on Friday, extending their losses from previous sessions. The company’s shares ended the day 0.10% lower at $30.15 after trading between $29.95 and $30.61. A total of 580,794 shares were exchanged which is below the daily average volume of 566,032. The stock has fallen over 1.40% in the last three sessions. However, despite the recent losses, it is still trading close to its 52-week high of $30.93.Register withStockCall and download the research on ITT for free at
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William T. Knight
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