Large Inflow of Money Witnessed in Altra Industrial Motion

Altra Industrial Motion (NASDAQ:AIMC) : Investors lapped up stocks on upticks to the tune of $0.6 million in the Wednesdays trading session. The trading value on downticks was comparatively at $0.39 million and the uptick to downtick ratio of 1.52 indicates continuous buying by the bulls. The net money flow into the stock was $0.21 million. Upticks saw transactions worth $0.29 clearly indicating buying by large investors. The total money flow for block trades stood at $0.29 million, which is a positive for the stock in the long-term. Altra Industrial Motion (NASDAQ:AIMC) fell $0.19 during the day at $25.82, a drop of -0.73% over the previous days close. However, for the week, the stock is -5.66%, compared to the previous week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Ferris Gerald P, officer (V.P. Global Sales) of Altra Industrial Motion Corp., had unloaded 800 shares at an average price of $29 in a transaction dated on June 9, 2016. The total value of the transaction was worth $23,200. Currently the company Insiders own 4.1% of Altra Industrial Motion shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.27% . During last six month period, the net percent change held by insiders has seen a change of -16.2%.

The company shares have dropped -3.77% from its 1 Year high price. On Apr 29, 2016, the shares registered one year high at $30.00 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.46 and the 200 Day Moving Average price is recorded at $25.86. Altra Industrial Motion (NASDAQ:AIMC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.29 and $25.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.21, notching a gain of 0.77% for the day. The total traded volume was 256,576 . The stock had closed at $26.01 on the previous day.

Altra Industrial Motion Corp. is a global designer, producer and marketer of a range of mechanical power transmission components. The Companys product portfolio includes clutches and brakes, couplings and gearing and power transmission components. It operates in three segments: couplings, clutches and brakes and gearing and power transmission components. The Companys various coupling products include gear couplings, diaphragm and disc couplings, elastomeric couplings, miniature and precision couplings, as well as universal joints, mill spindles and shaft locking devices. Its clutches and brakes products include electromagnetic clutch and brakes, overrunning clutches and heavy duty clutches and brakes. Its gearing and power transmission components include gears, bearing assemblies and belted drives. The Company offers its products under various brand names, such as Ameridrives, Ameridrives Power Transmission, Bibby, Warner Electric, Inertia Dynamics and Matrix, among others.

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