Louisiana-Pacific Rises On Unusually High Volume (LPX)

NEW YORK ( TheStreet) -- Louisiana-Pacific (NYSE: LPX) is trading at unusually high volume Thursday with 6.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 98 cents (+6.1%) at $17.18 as of 3:56 p.m. ET.

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Louisiana-Pacific has a market cap of $2.18 billion and is part of the services sector and wholesale industry. Shares are down 16.1% year to date as of the close of trading on Wednesday.

Louisiana-Pacific Corporation, together with its subsidiaries, engages in manufacturing and distributing building products for new home construction, repair and remodeling, manufactured housing, and light industrial and commercial construction.

TheStreet Ratings rates Louisiana-Pacific as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Louisiana-Pacific Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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