Belden Inc (BDC) : Tuesdays money flow analysis of Belden Inc (BDC) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $6.08 million. In comparison, the inflow of money on upticks was a meager $2.94 million. The dollar value of composite uptick trades minus the downtick trades was negative $3.13 million. The uptick to downtick ratio of 0.48 in the money flow shows weakness. The downtick transaction value was high at $3.39 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($3.39 million). Belden Inc (BDC) gained $0.61 at $74.48, a change of 0.83% over the previous days close.
Shares of Belden Inc. rose by 0.4% in the last five trading days and 2.66% for the last 4 weeks. Belden Inc. is up 15.42% in the last 3-month period. Year-to-Date the stock performance stands at 56.47%.
Belden Inc (NYSE:BDC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.00 and $73.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.48, notching a gain of 0.83% for the day. The total traded volume was 213,694 . The stock had closed at $73.87 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Bus. Dev. & Strategy) of Belden Inc., Rosenberg Ross had sold 2,274 shares worth of $168,276 in a transaction dated July 20, 2016. In this transaction, 2,274 shares were sold at $74 per share.
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.