Large Inflow of Money Detected in Cummins

Cummins (CMI): $3.06 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.52. The value of trades done on upticks was $8.88 million, whereas, trades done on downticks were valued at $5.82 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $3.12 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $3.12 million. Cummins (CMI) fell $0.18 traded at $116.29, a change of -0.15% over the previous day. The stock is -2.29% for the week.


Also, Equity analysts at the Brokerage firm Standpoint Research downgrades its rating on Cummins (NYSE:CMI). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 14, 2016.

Cummins (NYSE:CMI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $116.78 and $116.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $118.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $117.56, notching a gain of 0.94% for the day. The total traded volume was 2,066,483 . The stock had closed at $116.47 on the previous day.

The stock has recorded a 20-day Moving Average of 3.07% and the 50-Day Moving Average is 3.42%. In a related news,The officer (V.P. – CAO) of Cummins Inc, Rose Marya M sold 848 shares at $112.11 on May 25, 2016. The Insider selling transaction had a total value worth of $95,069. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Cummins Inc. is a global diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products, including filtration, after treatment, turbochargers, fuel systems, controls systems, air handling systems and electric power generation systems. It has four operating segments: Engine, Distribution, Components and Power Generation. The Company sells its products to original equipment manufacturers (OEMs), distributors and other customers. It serves its customers through a network of around 600 Company-owned and independent distributor locations and around 7,200 dealer locations in more than 190 countries. In addition, engines and engine components are manufactured by the Companys joint ventures or independent licensees at its manufacturing plants in the United States, China, India, South Korea, Mexico and Sweden. Its subsidiaries include Cummins India Ltd. and Wuxi Cummins Turbo Technologies Co. Ltd.

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