Black & Decker (SWK.US) is a Fortune 500 American manufacturer of industrial tools, household hardware, and provider of security products. With a market capitalization of $15.13 billion as of August 8, 2023, the company has a rich history dating back to 1843. Originally founded as The Stanley Works, it was started by Frederick Trent Stanley in New Britain, Connecticut.
Over the years, Black & Decker has expanded its product portfolio through strategic acquisitions, including the merger with Black & Decker in 2010. Today, it owns well-known brands like Stanley, DeWalt, Craftsman, and Black & Decker, catering to various markets worldwide. The company went public on the New York Stock Exchange and remains a prominent player in the industrial tools, household hardware, and security solutions industry.
The Black & Decker share price has experienced its share of ups and downs over the past few years. In the past 5 years, the highest stock price reached $225.00 in June 2021 while the lowest point in the share price was reached in March 2020, when the stock hit $70.00. This was likely due to the economic uncertainty caused by the COVID-19 pandemic. It's worth noting that six months after this low point, the stock had already recovered most of its value.
As for trading strategies for the stock, an example would be day trading. Day traders aim to take advantage of short-term fluctuations in the market, buying and selling shares within the same day. Other strategies include swing trading, position trading and scalping trading. Traders may also consider using technical indicators such as moving averages, the Relative Strength Index (RSI), and the stochastic oscillator. These indicators could provide valuable insight into a stock's price movements and momentum.
As a trader looking to trade invest in Black & Decker stock, it’s essential to consider the competition. After all, factors such as market trends, industry competition and performance could have a significant impact on the price of the stock. The competitors include:
- General Electric (GE.US) is a multinational conglomerate with a diverse portfolio of businesses, including aviation, healthcare, renewable energy, and power generation. Founded by Thomas Edison in 1892, GE has been a pioneer in innovation and technology for over a century.
- Procter & Gamble (PG.US) is a leading consumer goods company known for its iconic brands in various categories, including beauty, grooming, healthcare, and household products. Founded in 1837, P&G has a long history of delivering trusted and quality products to consumers worldwide.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.