NEW YORK, August 30, 2017 /PRNewswire/ --
If you want a Stock Review on FAST, HDS, GWW, or MSM then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Today's research on DailyStockTracker.com is dedicated to the Industrial Equipment Wholesale space, which includes companies that distribute machinery and equipment used in manufacturing, oil and gas exploration and production, and warehousing. Equities under evaluation this morning are: Fastenal Co. (NASDAQ: FAST), HD Supply Holdings Inc. (NASDAQ: HDS), W.W. Grainger Inc. (NYSE: GWW), and MSC Industrial Direct Co. Inc. (NYSE: MSM). Learn more about these stocks by downloading their comprehensive and free reports from DailyStockTracker.com member's area at:
On Tuesday, shares in Winona, Minnesota headquartered Fastenal Co. saw a slight decline of 0.41%, ending the day at $41.41. The stock recorded a trading volume of 1.75 million shares. The Company's shares are trading below their 50-day moving average by 3.30%. Moreover, shares of Fastenal, which together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the US, Canada, and internationally, have a Relative Strength Index (RSI) of 43.92. FAST complete research report is just a click away at:
HD Supply Holdings
Shares in Atlanta, Georgia headquartered HD Supply Holdings Inc. ended the day 2.10% higher at $32.15 with a total trading volume of 3.00 million shares. The stock is trading above its 50-day moving average by 3.12%. Shares of the Company, which operates as an industrial distributor in North America, have an RSI of 59.54.
On August 01st, 2017, HD Supply announced that it has completed the previously announced sale of its Waterworks business unit, the nation's largest distributor of water, sewer, storm, and fire protection products, to funds managed by Clayton, Dubilier & Rice.
On August 16th, 2017, research firm Goldman resumed its 'Neutral' rating on the Company's stock. The complimentary report on HDS can be downloaded at:
At the close of trading on Tuesday, shares in Lake Forest, Illinois-based W.W. Grainger Inc. finished 0.58% higher at $157.16 with a total trading volume of 889,480 shares. The stock is trading below its 50-day moving average by 7.44%. Shares of the Company, which distributes maintenance, repair, and operating supplies; and other related products and services that are used by businesses and institutions in the US, Canada, Europe, Asia, and Latin America, have an RSI of 37.36.
On August 02nd, 2017, Stu Levenick, Lead Director of W.W. Grainger's Board of Directors, announced that upon the retirement of Jim Ryan, Board Chairman, the Board has named DG Macpherson, CEO, to assume the additional role of Chairman of the Board, effective October 01st, 2017. Macpherson's appointment to Chairman is part of the succession plan highlighted in August of last year, when he was named CEO.
On August 21st, 2017, research firm KeyBanc Capital Markets resumed its 'Sector Weight' rating on the Company's stock. Sign up for your complimentary research report on GWW at:
MSC Industrial Direct
Melville, New York headquartered MSC Industrial Direct Co. Inc.'s shares recorded a trading volume of 426,628 shares at the end of yesterday's session. The stock closed the day 1.01% lower at $66.38. The Company's shares are trading below their 50-day moving average by 11.98%. Additionally, shares of MSC Industrial Direct, which together with its subsidiaries, markets and distributes various ranges of metalworking and maintenance, repair, and operations products primarily in the US, Canada, and the UK, have an RSI of 28.79.
On August 04th, 2017, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'.
On August 07th, 2017, MSC Industrial Supply Co., a subsidiary of MSC Industrial Direct, announced that it has acquired DECO Tool Supply Co., an industrial supply distributor based in Davenport, Iowa. The transaction was completed on July 31st, 2017. DECO's annual revenue was approximately $100 million in 2016, generated by 190-plus associates across ten branch offices located primarily in the Midwest. Get free access to your research report on MSM at:
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