Large Inflow of Money Witnessed in Drew Industries Incorporated

Drew Industries Incorporated (NYSE:DW) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $1.49 million worth of transactions were on upticks, whereas, the downticks accounted for $0.94 million worth of transactions. The net money flow was a positive $0.55 million and the uptick to downtick ratio was 1.59. The net money flow into the stock was $0.01 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. Drew Industries Incorporated (NYSE:DW) was trading at $80.64, down $0.11 during day. The stock slid -0.14% over the previous days close. For the week, the stock recorded -0.52% over the previous weeks close.


In an insider trading activity, Abrams Leigh J, director of Drew Industries Inc, unloaded 5,527 shares at an average price of $80.91 on June 15, 2016. The total amount of the transaction was worth $447,190, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 3.8% of Drew Industries Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.2% . Institutional Investors own 94.27% of Drew Industries Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -13.83%.

The company shares have rallied 38.20% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $85.38 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $77.57 and the 200 Day Moving Average price is recorded at $64.79. Drew Industries Incorporated (NYSE:DW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.60 and $80.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.99, notching a gain of 1.54% for the day. The total traded volume was 203,259 . The stock had closed at $80.75 on the previous day.

Drew Industries Incorporated, through its subsidiaries, supplies an array of components for the manufacturers of recreational vehicles (RVs) and manufactured homes. The Company also supplies components for adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; modular housing, and factory-built mobile office units. The Company operates in two segments: the RV products segment (the RV Segment), and the manufactured housing products segment (the MH Segment). , the Company manufactures and markets a variety of products used primarily in the production of RVs and manufactured homes. As of 2014, the RV Segment accounted for 90% of consolidated net sales, and the MH Segment accounted for 10% of consolidated net sales. RVs may be motorized (motorhomes) or towable, such as travel trailers, fifth-wheel travel trailers, folding camping trailers and truck campers.

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