Price Action to Note: Could Federal-Mogul Holdings Corp Change Direction After Today’s Significant Increase?

Price Action to Note: Could Federal Mogul Holdings Corp Change Direction After Today's Significant Increase?

The stock of Federal-Mogul Holdings Corp (NASDAQ:FDML) is a huge mover today! The stock increased 3.85% or $0.37 on November 23, hitting $9.97. About 110,836 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.
The move comes after 9 months positive chart setup for the $1.76 billion company. It was reported on Nov, 24 by Barchart.com. We have $10.67 PT which if reached, will make NASDAQ:FDML worth $123.20M more.

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 stock has “Mkt Perform” rating given by FBR Capital on Thursday, October 29. The stock has “Buy” rating given by Gabelli on Thursday, October 29.

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.
Icahn Carl C has 138.59 million shares for 5.68% of their US portfolio. Legal And General Group Inc Public Ltd Com holds 0% of its portfolio in Federal-Mogul Holdings Corp (NASDAQ:FDML) for 7,080 shares. Teachers & Annuity Association Of America holds 0.78% of its portfolio in Federal-Mogul Holdings Corp (NASDAQ:FDML) for 2.12 million shares. Balyasny Asset Mgmt, a Illinois-based fund reported 15,280 shares. State Common Retirement Fund reported 27,700 shares or 0% of all its holdings. Zacks Inv holds 0% or 14,756 shares in its portfolio. Vanguard Gru, a Pennsylvania-based fund reported 2.43 million shares. Citigroup Inc holds 0% of its portfolio in Federal-Mogul Holdings Corp (NASDAQ:FDML) for 23,479 shares. Teacher Retirement Of Texas holds 0% or 4,751 shares in its portfolio. Tiaa Cref Investment Mgmt, a New York-based fund reported 100,435 shares. Renaissance Ltd Llc accumulated 229,830 shares or 0% of the stock. Teachers Advsr owns 45,387 shares or 0% of their US portfolio. Sei Invs Communication owns 451 shares or 0% of their US portfolio. Manufacturers Life Insurance The has 0% invested in the company for 26,562 shares. First Advsr Ltd Partnership last reported 0% of its portfolio in the stock.

More important 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 article titled: “Why Federal-Mogul Holdings Corp. Shares Skyrocketed”, Prnewswire.com published: “Frost & Sullivan Acclaims Federal-Mogul Motorparts’ Visionary Solutions and …” on October 26, 2016. More interesting news about Federal-Mogul Holdings Corp (NASDAQ:FDML) was released by: Prnewswire.com and their article: “FEDERAL-MOGUL SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the …” with publication date: September 09, 2016.

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.

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