Shares of Methanex Corporation (NASDAQ:MEOH) Sees Large Inflow of Net Money Flow

Methanex Corporation (NASDAQ:MEOH) dropped by -0.88 or -0.29 points during the last session to $32.71 per share. One of the highlights of the day was the net money flow figure, which stood at $1.29 million even as the stock accepted $2.7 million in upticks but rejected $1.41 million in downticks. The up/down ratio for the last observation was a 1.91. The 1-week percentage change for the stock price is registered at 0.8%.A block transaction occurred with $0.82 million in upticks and $0 million in downticks while the up/down ratio was calculated to be 0. The stock witnessed a net inflow of $0.82 million at the end of the block trade.


Currently the company Insiders own 1% of Methanex Corporation shares according to the proxy statements. Institutional Investors own 92.38% of Methanex Corporation shares.

Methanex Corporation (NASDAQ:MEOH) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.61 points or 1.85% at $32.39 with 715,806 shares getting traded. Post opening the session at $32.72, the shares hit an intraday low of $32.1 and an intraday high of $32.82 and the price was in this range throughout the day. The company has a market cap of $2,909 million and the number of outstanding shares have been calculated to be 89,796,238 shares. The 52-week high of Methanex Corporation (NASDAQ:MEOH) is $57.72 and the 52-week low is $22.73.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Raymond James upgrades its rating on Methanex Corporation (NASDAQ:MEOH).The analysts at the brokerage house have a current rating of Strong Buy on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 17, 2016.

Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in Asia Pacific, North America, Europe and South America. The Company operates three production facilities in New Zealand, which supply methanol primarily to customers in Asia Pacific. Its two plants in Trinidad, Titan and Atlas, supply methanol markets in North America, Europe, Asia Pacific and South America. Its Geismar 1 facility in Louisiana supplies to customers in the United States. The Company through a joint venture facility in Egypt, located on the Mediterranean Sea, supplies methanol markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile supplies to customers in South America.

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