WW Grainger, Inc. stock trades under the ticker GWW & has shown recent bullishness that investors & traders should take a closer look at.
GWW stock closed at $507.58/share on 2/3/2022.
WW Grainger, Inc. GWW Stock’s Technical Performance Broken Down
GWW Stock Price: $507.58
10 Day Moving Average: $492.97
50 Day Moving Average: $501.47
200 Day Moving Average: $456.13
RSI: 56.98
MACD: -1.33
Yesterday, GWW stock completed a bullish MACD crossover, while gapping up 1.29% & breaking out above its 50 Day Moving Average.
Yesterday’s trading volume was one of the highest days of the past year & well above average for the year.
With <2% between the 10 Day MA crossing the 50 Day MA & a neutral RSI, there looks to be more momentum in the near-term to come.
GWW stock will need to break out above the $516-level before going on to test against yesterday’s high price of $525.
WW Grainger, Inc. GWW Stock As A Long-Term Investment
GWW stock’s P/E (ttm) may appeal to investors at 28.97, although their P/B (mrq) is a bit rich at 14.31.
Their Quarterly Revenue Growth Y-o-Y was 11.7% & their Quarterly Earnings Growth Y-o-Y was 23.7%.
GWW stock’s balance sheet will require a closer review before investors dive in, with Total Cash (mrq) of $328M & Total Debt (mrq) of $2.37B.
GWW offers a 1.26% dividend yield, which looks stable as their payout ratio is 35.96%.
71.6% of GWW stock’s outstanding share float is held by institutional investors.
WW Grainger, Inc. GWW Stock As A Short-Term Trade Using Options
GWW stock has options that traders can use to capture near-term momentum while fending off broader market risk.
I am looking at the contracts with the 2/18 expiration date.
The $490 & $500 call options look appealing, although illiquid with very low open interest.
The $510 & $500 put options also look interesting, but are also highly illiquid.
Tying It All Together
All-in-all, there are many interesting characteristics to GWW stock that traders & investors may find appealing.
Long-term investors will like their valuation metrics & dividend yield, but will want to look into their debt structure before investing.
Short-term traders will like their current momentum, but be a bit disappointed by their illiquid options market.
GWW stock is worth taking a closer look at as an addition to your portfolio.
*** I DO NOT OWN SHARES OF GWW STOCK ***