Shares of Textron (NYSE:TXT) Sees Large Outflow of Money

Textron (NYSE:TXT) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (8.94 million) in Textron (NYSE:TXT). On Wednesday, The value of composite uptick trades was $14.96 million, whereas, the value of composite downtick trades was $23.91 million and the ratio between the two was 0.63, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $10.09 million. $2.14 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.21. The negative money flow of ($7.95 million) shows selling on strength. Textron (NYSE:TXT) gained $0.51 intraday at $35.03 and registrered 1.48% for the week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Johnson Cheryl H, officer (Executive VP, Human Resources) of Textron Inc, had unloaded 2,121 shares at an average price of $42.37 in a transaction dated on November 2, 2015. The total value of the transaction was worth $89,867. Currently the company Insiders own 0.93% of Textron shares according to the proxy statements. Institutional Investors own 82.09% of Textron shares.

The company shares have dropped -22.79% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $45.19 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $38.12 and the 200 Day Moving Average price is recorded at $37.13. Textron (NYSE:TXT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.89 and $34.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.03, notching a gain of 1.48% for the day. The total traded volume was 3,436,335 . The stock had closed at $34.52 on the previous day.

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide. It operates in five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Textron Aviation manufactures, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Textron Systems product lines consist of unmanned aircraft systems, marine and land systems, weapons and sensors, simulation, training and other defense and aviation mission support products and services. The Industrial segment designs and manufactures a range of products under three principal product lines. The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters.

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