Belden Inc (BDC) : Fridays money flow data in Belden Inc (BDC) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $5.32 million, whereas, $3.16 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.69, in favor of the bulls. The total money flow into the stock was $2.17 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $2.07 million. The total value of block trades done on upticks was $2.07 million. Belden Inc (BDC) fell $0.15 and traded at $71.57, down -0.21% for the day, over previous days close. On a weekly basis, the shares are 3.02% over the previous weeks close.
Belden Inc (BDC) : 4 Wall Street analysts covering Belden Inc (BDC) believe that the average level the stock could reach for the short term is $77.5. The maximum price target given is $86 and the minimum target for short term is around $70, hence the standard deviation is calculated at $8.7.
Belden Inc (NYSE:BDC): stock turned positive on Friday. Though the stock opened at $72.18, the bulls momentum made the stock top out at $72.99 level for the day. The stock recorded a low of $71.52 and closed the trading day at $72.5, in the green by 1.09%. The total traded volume for the day was 985,306. The stock had closed at $71.72 in the previous days trading.
In a related news, Rosenberg Ross, officer (SVP, Bus. Dev. & Strategy) of Belden Inc., unloaded 2,274 shares at an average price of $74 on July 20, 2016. The total amount of the transaction was worth $168,276, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Belden Inc. is a signal transmission solutions provider. The Companys portfolio of signal transmission solutions provides industry secure and reliable transmission of data, sound, and video for mission critical applications. The Company operates in four segments: Broadcast Solutions, which provides production, distribution, and connectivity systems for television broadcast, cable, satellite and IPTV industries; Enterprise Connectivity Solutions, which provides network infrastructure solutions for enterprise customers; Industrial Connectivity Solutions, which provides infrastructure components and connectivity systems for a range of industrial automation applications and Industrial IT Solutions, which provides mission-critical networking systems. Its brands include Belden, Alpha Wire, Mohawk, West Penn Wire, Hirschmann, SignalTight, GarrettCom, Poliron, Tofino, PPC, Grass Valley, ProSoft Technology and Tripwire. It sells products to distributors, end-users, installers and OEMs.