Large Outflow of Money Witnessed in Axiall Corporation

Axiall Corporation (NYSE:AXLL) managed to stay afloat and traded higher with an addition of 6.75 point or 26.15% at $32.56. The money flow data is a negative $(-73.04) million with $147.12 million in upticks and $220.16 million in downticks. The intraday up/down ratio came in at 0.67. The shares have seen 43.31% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $79.94 million and the combined worth of the downticks was $144.59, Million, leading to the up/down ratio of 0.55. The block trade saw a net money flow of $(-64.66) million.


Currently the company Insiders own 0.62% of Axiall Corporation shares according to the proxy statements. Institutional Investors own 94.03% of Axiall Corporation shares. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Strategy Officer) of Axiall Corp/De/, Biltz George had sold 7,388 shares worth of $343,320 in a transaction dated March 4, 2015. In this transaction, 7,388 shares were sold at $46.47 per share.

Axiall Corporation (NYSE:AXLL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.03 points or 0.09% at $32.53 with 7,889,242 shares getting traded. Post opening the session at $32.5, the shares hit an intraday low of $32.48 and an intraday high of $32.56 and the price was in this range throughout the day. The company has a market cap of $2,296 million and the number of outstanding shares have been calculated to be 70,587,260 shares. The 52-week high of Axiall Corporation (NYSE:AXLL) is $40.1 and the 52-week low is $9.04.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Citigroup maintains its rating on Axiall Corporation (NYSE:AXLL).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $20 per share to $23.35 per share. The rating by the firm was issued on April 5, 2016.

Axiall Corporation is a manufacturer and international marketer of chemicals and building products. The Company operates through three segments: chlorovinyls, building products and aromatics. The Companys chlorovinyls segment produces a chain of products, including chlor-alkali and derivative products, such as chlorine, caustic soda, vinyl chloride monomer (VCM), vinyl resins, ethylene dichloride (or 1, 2 dichloroethane) (EDC), chlorinated solvents, calcium hypochlorite, hydrochloric acid (HCL) and phosgene derivatives, and compound products, such as vinyl compounds and compound additives and plasticizers. The Companys building products segment consists of two primary product groups: window and door profiles and trim, moldings and deck products, and outdoor building products, which includes siding and exterior accessories, pipe and pipe fittings. The Companys aromatics segment manufactures cumene products and phenol and acetone products (co-products made from cumene).

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