Large Inflow of Money Witnessed in ITT Corporation

ITT Corporation (NYSE:ITT) : Wednesdays money flow data in ITT Corporation (NYSE:ITT) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $6.92 million, whereas, $3.19 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.17, in favor of the bulls. The total money flow into the stock was $3.73 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $3.26 million. The total value of block trades done on upticks was $3.26 million. ITT Corporation (NYSE:ITT) fell $0.24 and traded at $31.8, down -0.75% for the day, over previous days close. On a weekly basis, the shares are -3.2% over the previous weeks close.


In an insider trading activity,The officer (See Remarks) of Itt Inc., Chicles Aris C sold 90,778 shares at $35.61 on May 31, 2016. The Insider selling transaction had a total value worth of $3,232,605. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.6% of ITT Corporation shares according to the proxy statements. Institutional Investors own 90.6% of ITT Corporation shares.

The company shares have dropped -23.22% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $42.43 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $34.83 and the 200 Day Moving Average price is recorded at $35.11. ITT Corporation (NYSE:ITT): The stock opened at $32.28 on Wednesday but the bulls could not build on the opening and the stock topped out at $32.43 for the day. The stock traded down to $31.73 during the day, due to lack of any buying support eventually closed down at $31.80 with a loss of -0.75% for the day. The stock had closed at $32.04 on the previous day. The total traded volume was 717,070 shares.

ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Companys product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts. Motion Technologies manufactures brake components, shock absorbers and damping technologies for the automotive, truck and trailer, public bus and rail transportation markets. Interconnect Solutions manufactures and designs a range of engineered connector solutions that makes it possible to transfer signal and power between electronic devices. Control Technologies manufactures equipment, including actuation, valves, and noise and energy absorption components for the aerospace and defense, and industrial markets.

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