Large Inflow of Money Witnessed in Crown Holdings

Crown Holdings (NYSE:CCK) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $5.42 million worth of transactions were on upticks, whereas, the downticks accounted for $5.01 million worth of transactions. The net money flow was a positive $0.4 million and the uptick to downtick ratio was 1.08. The net money flow into the stock was $-0.49 million. The value of block trades done on downticks was only $0.49 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.01 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Crown Holdings (NYSE:CCK) was trading at $49.41, down $0.08 during day. The stock slid -0.15% over the previous days close. For the week, the stock recorded -0.81% over the previous weeks close.


In an insider trading activity,The (President – Asia Pacific Div.) of Crown Holdings Inc, Bourque Robert H Jr sold 715 shares at $52.41 on May 26, 2016. The Insider selling transaction had a total value worth of $37,473. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.8% of Crown Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -24.32% . Institutional Investors own 88.08% of Crown Holdings shares. During last six month period, the net percent change held by insiders has seen a change of -24.32%.

The company shares have dropped -8.57% from its 1 Year high price. On May 12, 2016, the shares registered one year high at $55.44 and the one year low was seen on Feb 4, 2016. The 50-Day Moving Average price is $52.78 and the 200 Day Moving Average price is recorded at $49.70. Crown Holdings (NYSE:CCK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.87 and $49.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.54, notching a gain of 0.12% for the day. The total traded volume was 1,269,138 . The stock had closed at $49.48 on the previous day.

Crown Holdings, Inc. is engaged in design, manufacture and sale of packaging products for consumer goods. The Companys business is organized within three divisions, Americas, Europe and Asia Pacific. Within each Division, the Company is organized along product lines. Within the Americas Division, the Company operates Americas Beverage and North America Food. Within the European Division, the Company operates European Beverage and European Food. The Companys Asia Pacific Division consists of beverage can operations and also includes the Companys non-beverage can operations, such as food cans and specialty packaging. The Company also operates European aerosol and specialty packaging business, its North American aerosol can business and its tooling and equipment operations in the United States and United Kingdom. The Companys products include steel and aluminum cans for food, beverage, household and other consumer products, and metal vacuum closures and caps.

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