May 28, 2013 at 10:55 AM EDT
StockCall Early Morning Insight into LKQ, AXL, MTOR, and TEN
StockCall.com Provides Stock Research on LKQ Corp., American Axle & Manufacturing Holdings Inc., Meritor Inc., and Tenneco Inc.
New York City, New York -- (May 28, 2013)
U.S. auto sales rose sharply in 2012, driven by cheap financing and significant pent-up demand. Auto sales are expected to continue to rise in 2013 as interest rates are likely to remain at record low levels for a considerable period. In addition, a recovery in the U.S. economy is expected to boost demand for trucks from businesses. Given the bullish outlook for auto sales, automakers have boosted their production for 2013. This will benefit auto parts manufacturers. On Friday, May 24, 2013, shares in auto parts companies ended on a mixed note, tracking the broad market which also finished mixed. The major movers in the sector includedLKQ Corporation (NASDAQ: LKQ), American Axle & Manufacturing Holdings Inc. (NYSE: AXL), Meritor Inc. (NYSE: MTOR) and Tenneco Inc. (NYSE: TEN). StockCall has issued technical analysis and charting reports on LKQ, AXL, MTOR, and TEN. Download these free reports now at
LKQ Corporation’s stock ended mildly lower on Friday, down 0.12% at $24.78. A total of 859,909 shares were traded. With the wider market swaying sideways during the past five trading sessions, the company’s shares declined 3.5%. The stock has gained 19.54% so far this year. In the last session of the prior week, the stock traded between $24.53 and $25.30 while its 52 weeks trading range stands at $15.72 and $25.89. LKQ commands market capitalization of $7.40 billion. Its stock is mildly volatile as implied by its beta of 0.86. The stock gained 39.53% in the past 52 weeks. It is currently trading above its long-term moving average price of $22.72. Download the free research on LKQ today by registering at
Shares in American Axle & Manufacturing Holdings Inc. showed mild gain on Friday, gaining 0.06% to close at $16.80. A total of 826,126 shares were traded, while its average daily trading volume stands at 1.70 million. The stock oscillated between $16.48 and $16.80 during the session. Over the past five trading days, the stock lost 0.12% while the markets wavered. So far this year, the share has gained 54.41%. American Axle & Manufacturing’s shares have high volatility with beta of 2.57. The company commands market capitalization of $1.26 billion. Sign up and have access to our free report on AXL at
Meritor Inc.’s stock ended lower on Friday, finishing 1.44% lower at $6.86. A total of 770,007 shares were traded during the session. The stock’s usual trading volume stands at 2.02 million shares. In the past 52 weeks, the stock traded between $3.83 and $7.22. Meritor commands market capitalization of $668.51 million. Its stock is currently above its short-term and long-term moving average price of $6.24 and $5.27 respectively. Meritor’s stock trades at beta of 3.56, showing very high volatility. MTOR is up 26.34% in the past 52 weeks. Sign up and read the complimentary report on MTOR at
Shares in Tenneco Inc. moved higher on Friday, bucking the trend shown by the broader market. The stock hit an intraday high of $43.23, before finishing the day 0.42% higher at $43.17. So far this year, the share has grown more than 27%, outperforming the S&P 500. The company’s stock currently trades above both their 20- and 50-day moving average price of $41.15 and $38.90 respectively. Tenneco saw turnover of 558,274 shares in Friday’s trading session. Its beta of 3.35 implies high volatility. The stock traded in the range of $24.35 and $43.64 in the past 52 weeks. Tenneco commands market capitalization of $2.63 billion. The free report on TEN can be downloaded by signing up now at
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at
William T. Knight
Contact Number: (646) 396-9857 (9:00 am EST – 01:30 pm EST)
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here