BXC Stock Summary and Trading Ideas (Bluelinx Hldgs | NYSE:BXC)

BlueLinx Holdings Inc is engaged in the wholesale distribution of residential and commercial building products. Its business products are split into two categories: Structural products include items such as lumber, plywood, oriented strand board, rebar, and remesh and Specialty products include items such as engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products. The company's operations are carried out throughout the United States.

Bluelinx Hldgs trades on the NYSE stock market under the symbol BXC.

As of April 24, 2024, BXC stock price declined to $112.31 with 106,908 million shares trading.

BXC has a beta of 2.32, meaning it tends to be more sensitive to market movements. BXC has a correlation of 0.47 to the broad based SPY ETF.

BXC has a market cap of $971.49 million. This is considered a Small Cap stock.

Last quarter Bluelinx Hldgs reported $713 million in Revenue and $2.94 earnings per share. This fell short of revenue expectation by $-52 million and exceeded earnings estimates by $1.27.

In the last 3 years, BXC stock traded as high as $132.67 and as low as $35.00.

The top ETF exchange traded funds that BXC belongs to (by Net Assets): VTI, AVUV, IWM, VXF, IFRA.

BXC has outperformed the market in the last year with a return of +55.4%, while the SPY ETF gained +24.2%. However, in the most recent history, BXC shares have underperformed the stock market with its stock returning +2.4% in the last 3 month period and -12.4% for the last 2 week period, while SPY has returned +4.6% and -2.7%, respectively.

BXC support price is $110.92 and resistance is $116.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BXC stock will trade within this expected range on the day.