Large Inflow of Money Witnessed in Tenneco

Tenneco (NYSE:TEN) : $3.52 million worth of transactions were on upticks in Tenneco (NYSE:TEN), compared to $2.51 million on downticks. The ratio between the two was 1.4, whereas, the net money flow stood at a healthy $1.01 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $0.58million worth of trades. The total money flow into the stock stood at $0.58 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.46%. The stock was trading at $45.19, with a drop of $0.21 over the previous days close. The stock recorded -7.34% for the week.


In an insider trading activity,The director officer (Chairman & CEO) of Tenneco Inc, Sherrill Gregg M sold 51,609 shares at $54.22 on May 31, 2016. The Insider selling transaction had a total value worth of $2,798,240. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 4.3% of Tenneco shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.35% . Institutional Investors own 94.16% of Tenneco shares. During last six month period, the net percent change held by insiders has seen a change of -13.35%.

The company shares have dropped -20.43% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $58.20 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $52.57 and the 200 Day Moving Average price is recorded at $47.56. Tenneco (NYSE:TEN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.90 and $44.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.96, notching a gain of 1.23% for the day. The total traded volume was 930,819 . The stock had closed at $45.40 on the previous day.

Tenneco Inc. (Tenneco) is a producer of clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications. The Company serves both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets, or aftermarket, across the world. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe, South America and India Clean Air; Europe, South America and India Ride Performance; Asia Pacific Clean Air, and Asia Pacific Ride Performance. The Companys various brands include Monroe, Rancho, Clevite Elastomers, Marzocchi, Axios, Kinetic, and Fric-Rot, Walker, XNOx, Fonos, DynoMax and Thrush clean air products. As a parts supplier, it produces individual component parts for vehicles, as well as groups of components that are combined as modules or systems within vehicles.

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