Large Inflow of Money Witnessed in Rentech

Rentech (NASDAQ:RTK) stock had a bullish inflow of $0.03 million worth of trades on uptick and an outflow of $0 million in downticks on Wednesday. The total uptick to downtick ratio stood at 6.05. The net money flow into the stock was $0.02 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.01 million. $0.01 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Rentech (NASDAQ:RTK) stock traded down $0.01 , and reached $2.36, a drop of -0.42% over the previous day. On a weekly basis, the stock is -7.45%, over the previous weeks close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Rentech, Inc., Forman Keith B, had purchased 3,000 shares in a transaction dated on August 20, 2015. The transaction was executed at $6.04 per share with total amount equaling $18,120. Currently the company Insiders own 1.68% of Rentech shares according to the proxy statements. Institutional Investors own 56.29% of Rentech shares.

The company shares have dropped -77.64% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $10.80 and the one year low was seen on Aug 19, 2015. The 50-Day Moving Average price is $2.59 and the 200 Day Moving Average price is recorded at $2.65. Rentech (NASDAQ:RTK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.41 and $2.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.39, notching a gain of 0.84% for the day. The total traded volume was 184,046 . The stock had closed at $2.37 on the previous day.

Rentech, Inc. is a provider of wood fiber processing services, wood chips and wood pellets. The Company operates in five segments: East Dubuque, which include the operations of the East Dubuque Facility and produces ammonia and UAN; Pasadena, which include the operations of the Pasadena Facility and produces ammonium sulfate; Fulghum Fibres, which involves the operations of Fulghum, which provides wood yard operations services and wood fiber processing services, sells wood chips to the pulp, paper and packaging industry, and owns and manages forestland and sells bark to industrial consumers in South America; Wood Pellets: Industrial, this segment includes wood pellet plant projects, the Atikokan and Wawa Projects, which include wood pellet development, the sale of third party produced pellets, and management of wood pellet projects and activities, and Wood Pellets: NEWP, which involves the operations of NEWP, which produces wood pellets for the residential and commercial markets.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.