Shares of Applied Materials (NASDAQ:AMAT) Sees Large Outflow of Money

Applied Materials (NASDAQ:AMAT) : The total money flow in Applied Materials (NASDAQ:AMAT) was negative ($3.23 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $17.24 million. Transactions on upticks were comparatively lower at $14.01 million. The uptick to downtick ratio was 0.81. The total block trades done on upticks were valued at $2.06 million. The total block trades on downticks were valued at $6.19 million. The uptick to the downtick ratio of block trades was 0.33. The money flow during block trades was negative ($4.13 million) when the stock traded with a gain of $53 cent. Applied Materials (NASDAQ:AMAT) was $23.47, an increase of 2.29% over the previous days close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Salehpour Ali, officer (Sr. VP, GM New Mrkts & Service) of Applied Materials Inc /De, had unloaded 35,504 shares at an average price of $23.94 in a transaction dated on June 20, 2016. The total value of the transaction was worth $849,966. Currently the company Insiders own 0.25% of Applied Materials shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.25% . Institutional Investors own 84.07% of Applied Materials shares. During last six month period, the net percent change held by insiders has seen a change of -12.25%.

The company shares have rallied 17.58% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $24.65 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $22.89 and the 200 Day Moving Average price is recorded at $19.99. Applied Materials (NASDAQ:AMAT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.25 and $23.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.56, notching a gain of 2.70% for the day. The total traded volume was 13,315,337 . The stock had closed at $22.94 on the previous day.

Applied Materials, Inc. (Applied) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries. Applied operates in four segments: Silicon Systems Group, Applied Global Services, Display, and Energy and Environmental Solutions. The Silicon Systems Group segment develops, manufactures and sells manufacturing equipment used to fabricate semiconductor chips. The Applied Global Services segment encompasses services, products and integrated solutions to optimize equipment and fab performance and productivity. The Display Segment includes products for manufacturing liquid crystal displays, organic light-emitting diodes and other display technologies for televisions, personal computers, tablets, smartphones and other devices. The Energy and Environmental Solutions segment includes systems for manufacturing wafer-based crystalline silicon cells and modules.

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