Shares of ABB Ltd (NYSE:ABB) Sees Large Inflow of Net Money Flow

ABB Ltd (NYSE:ABB) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $20.31 with a loss of -0.37 points or -1.79%. The net money flow was $0.59 million and the up/down ratio was 2.51. Approximately $0.98 million was the inflow in upticks and $0.39 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of -3.05%.The shares witnessed a block transaction with a net money flow of $0.44 million. The total money in uptick was $0.44 million and in downtick was $0 million with the up/down ratio reaching 0.


Institutional Investors own 3.43% of ABB Ltd shares.

ABB Ltd (NYSE:ABB) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.41 points or 1.98% at $20.27 with 2,563,464 shares getting traded. Post opening the session at $20.25, the shares hit an intraday low of $20.23 and an intraday high of $20.41 and the price was in this range throughout the day. The company has a market cap of $43,867 million and the number of outstanding shares have been calculated to be 2,164,125,100 shares. The 52-week high of ABB Ltd (NYSE:ABB) is $22.75 and the 52-week low is $15.74.

Many analysts have stated their opinion on the company shares. JP Morgan upgrades its view on ABB Ltd (NYSE:ABB) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Underweight. The rating by the firm was issued on April 20, 2016.

ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business -based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications. The Process Automation division provides engineered solutions, products and services for process control, safety, instrumentation, plant electrification and energy management. The Power Products division offers a portfolio of products and services to facilitate power generation, transmission and distribution. The Power Systems division offers solutions for power and water plants, grid integration and automation, as well as a range of systems and services for the generation, transmission and distribution of electricity. The Company operates in approximately 100 countries.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.