Louisiana-Pacific Corporation (LPX) Soars 6%

Louisiana-Pacific Corporation (LPX) Soars 6%

Louisiana-Pacific Corporation (LPX) had a good day on the market for Wednesday October 16 as shares jumped 6% to close at $26.51. About 2.79 million shares traded hands on 19,562 trades for the day, compared with an average daily volume of n/a shares out of a total float of 119.19 million. After opening the trading day at $24.92, shares of Louisiana-Pacific Corporation stayed within a range of $26.52 to $24.83.

With today’s gains, Louisiana-Pacific Corporation now has a market cap of $3.16 billion. Shares of Louisiana-Pacific Corporation have been trading within a range of $27.15 and $20.39 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Louisiana-Pacific is primarily an oriented strand board producer, while offering engineered wood siding and engineered wood products used in home construction. The company is largely exposed to the North American housing market but has also established capacity in Brazil and Chile.

Louisiana-Pacific Corporation is based out of Nashville, TN and has some 4,900 employees. Its CEO is William Bradley Southern.

Louisiana-Pacific Corporation is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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