Emerson Electric Company (NYSE:EMR) reported a rise of 1.2% or 312,933 shares in its short interest. The short figure came in at 3.9% of the total floats. The average daily volume of 5,712,998 shares suggests that the days to cover 25,366,273 short positions, as on December 15,2015, will be 4. On November 30,2015, the short interest was 25,053,340 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on December 24th.
Emerson Electric Company (NYSE:EMR) witnessed a decline in the market cap on Thursday as its shares dropped 0.14% or 0.07 points. After the session commenced at $48.18, the stock reached the higher end at $48.53 while it hit a low of $48.04. With the volume soaring to 1,691,783 shares, the last trade was called at $48.26. The company has a 52-week high of $63.15. The company has a market cap of $31,589 million and there are 654,557,140 shares in outstanding. The 52-week low of the share price is $42.205.
Shares of Emerson Electric Company (NYSE:EMR) appreciated by 8.23% during the past week but lost 4.04% on a 4-week basis. The shares have outperformed the S&P 500 by 5.32% in the past week but underperformed the index by 2.68% in the last 4 weeks.
The company shares have dropped -23.13% from its 1 Year high price. On Dec 26, 2014, the shares registered one year high at $63.15 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $48.08 and the 200 Day Moving Average price is recorded at $49.56.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Golden Arthur F, director of Emerson Electric Co had purchased 4,000 shares on August 7, 2015 in a transaction. The price per share was $49.4 and the total amount of the disclosed transaction was $197,600.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Emerson Electric Co. (Emerson) is a diversified global technology company. The Company is engaged in designing and supplying products and technology, and delivering engineering services and solutions in a range of industrial, commercial and consumer markets globally. The Company operates in five business segments: Process Management, Industrial Automation, Network Power, Commercial and Residential Solutions, and Climate Technologies. The Companys production operations are electronics assembly, metal stamping, forming, casting, machining, welding, plating, heat treating, painting and assembly. In May 2014, the Company acquired Management Resources Group, Inc. (MRG), a reliability consulting services firm.
