RTTNews | Jan 5, 2022 12:16PM EST

12:16 Wednesday, January 5, 2022 (RTTNews.com) - North Carolina-based metal company Insteel Industries, Inc (IIIN) is trading 8% higher on the market despite the company not posting any stock-specific news to boost the stock.

The company primarily makes steel wires to reinforce concrete constructions. The stock sustained a month-long downward streak which started in November 2021 and went through December 2021. Since then, the stock has gone up 15%.

The stock is currently trading at $43.40, up $3.03 or 7.51% since the previous close at $40.37. In the morning, the stock opened at $40.66. The stock has ranged between $24.14 and $46.50 per share in the 52-week period.

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