Shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Sees Large Outflow of Money

Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) : Net money flow in Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) was negative ($6.97 million) and the inflow of money on uptick was $0.38 million, whereas, the outflow of money on downticks amounted to $7.35 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.05. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $6.95 million. The money flow in block trades was negative ($6.95). Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) gained $0.24 cent during the day and reached $9.24, a gain of 2.67% over the previous day.

Fortress

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Fortress Transportation & Infrastructure Investors Llc, Tuchman Martin, had purchased 65,000 shares in a transaction dated on March 4, 2016. The transaction was executed at $10.31 per share with total amount equaling $670,150. Currently the company Insiders own 2% of Fortress Transportation and Infrastructure Investors LLC shares according to the proxy statements. Institutional Investors own 31.03% of Fortress Transportation and Infrastructure Investors LLC shares. During last six month period, the net percent change held by insiders has seen a change of 25%.

Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.10 and $8.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.25, notching a gain of 2.78% for the day. The total traded volume was 1,014,120 . The stock had closed at $9.00 on the previous day.

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people across the world. The Companys strategic business units include infrastructure and equipment leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. The Companys Aviation Leasing, Offshore Energy, Shipping Containers segments are within equipment leasing business, and Jefferson Terminal and Railroad segments, together include the infrastructure business. The Companys equipment leasing business acquires assets that are used to carry cargo or people or provide functionality to transportation infrastructure. Its infrastructure business acquires long-life assets or operating businesses that provides services to transportation networks.

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