W.W. Grainger (GWW) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($3.27 million) and the uptick to downtick ratio was 0.92. The transaction value on upticks was $35.32 million and on downticks, the transaction value was $38.59 million. The transaction value of block trades during downticks was $2.73 million. The money flow was negative ($2.73 million), indicating the traders were booking profit on the price strength. W.W. Grainger (GWW) rose $0.48 at $218.26, during intraday Wednesday , a rise of 0.22% over the previous days close.
Also, Credit Suisse initiates coverage on W.W. Grainger (NYSE:GWW).The analysts at the brokerage house have a current rating of Neutral on the shares. The rating by the firm was issued on June 17, 2016.
W.W. Grainger (NYSE:GWW): The stock opened at $217.12 on Wednesday but the bulls could not build on the opening and the stock topped out at $222.00 for the day. The stock traded down to $214.82 during the day, due to lack of any buying support eventually closed down at $217.05 with a loss of -0.34% for the day. The stock had closed at $217.78 on the previous day. The total traded volume was 943,743 shares.
The stock has recorded a 20-day Moving Average of 3.69% and the 50-Day Moving Average is 3.82%. In a related news, The officer (Sr. VP, Inv Rel & Comm), of Grainger W W Inc, Brown Laura D had unloaded 1,776 shares at $225.61 per share in a transaction on May 31, 2016. The total value of transaction was $400,683. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
W.W. Grainger, Inc. is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America. It operates in two segments: the United States and Canada. The United States business offers a selection of maintenance, repair and operating supplies and other related products and services. Acklands – Grainger is a distributor of industrial and safety supplies that distributes tools, fasteners, safety supplies, instruments, welding and shop equipment, among others. Other businesses include Zoro, the single channel online business in the United States, and operations in Europe, Asia and Latin America. The Company provides customers with a range of options for finding and purchasing products, utilizing sales representatives, contact centers, direct marketing materials, catalogs and e-commerce.