Axalta Coating Systems Ltd. (AXTA): The stock had negative money flow to the tune of ($2.79 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $2.7 million, whereas, the outflow of money on downticks was $5.49 million and the ratio between the two was 0.49. The block trade had a negative net money flow of ($3.06 million). On the other hand, downticks amounted to $3.06 million of the traded value, which shows distribution in the stock by traders. Axalta Coating Systems Ltd. (AXTA) closed with marginal gains of 11 cents to end the day at $28.38, an increase of 0.39% over the previous days close. The stock recorded 1.76% for the week.
Axalta Coating Systems Ltd. (AXTA) : The highest short term price target forecast on Axalta Coating Systems Ltd. (AXTA) is $35 and the lowest target price is $29. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $32.67 with a standard deviation of $2.4.
Axalta Coating Systems Ltd. (NYSE:AXTA): stock turned positive on Friday. Though the stock opened at $28.28, the bulls momentum made the stock top out at $28.63 level for the day. The stock recorded a low of $28.23 and closed the trading day at $28.34, in the green by 0.25%. The total traded volume for the day was 1,142,712. The stock had closed at $28.27 in the previous days trading.
In a related news,The officer (SVP & General Counsel) of Axalta Coating Systems Ltd., Finn Michael F. sold 1,315 shares at $27.95 on May 13, 2016. The Insider selling transaction had a total value worth of $36,754. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Axalta Coating Systems Ltd. is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company operates in two business segments: Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base. Through its Transportation Coatings segment, the Company provides advanced coating technologies to original equipment manufacturer (OEMs) of light and commercial vehicles. Its products are offered in four key end-markets, including the refinish automotive aftermarket, industrial, light vehicle or automotive original equipment manufacturers (OEM) market, and commercial vehicle market. The Companys products include liquid and powder coatings for motor vehicles OEMs, the motor vehicle aftermarket, and general industrial applications, such as coatings for heavy equipment, pipes, appliances and electrical insulation.