Central Securities (NYSEAMERICAN:CET) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Central Securities Corporation (NYSEAMERICAN:CET) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $53.75 and traded as high as $54.78. Central Securities shares last traded at $54.78, with a volume of 9,468 shares.

Central Securities Price Performance

The business’s 50-day moving average is $53.75 and its two-hundred day moving average is $52.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CET. Trust Co. of Vermont acquired a new stake in Central Securities in the second quarter valued at about $29,000. Bank of America Corp DE purchased a new position in shares of Central Securities during the 2nd quarter worth approximately $64,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Central Securities in the 2nd quarter valued at approximately $92,000. Williams Jones Wealth Management LLC. acquired a new stake in shares of Central Securities in the 3rd quarter valued at approximately $214,000. Finally, Robotti Robert purchased a new stake in shares of Central Securities in the fourth quarter valued at approximately $222,000. 8.68% of the stock is currently owned by institutional investors and hedge funds.

About Central Securities

Central Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.