Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) Sees Large Outflow of Money

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) advanced to $28.38. The price had gained 0.04% or 0.01 points intraday. The latest trading session witnessed $0.03 million in upticks and $0.63 million in downticks, resulting in net money flow of (-0.6) million. The up/down ratio for the day stood at 0.04. On a weekly scale, the price has seen a change of 1.39%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-0.62) million occurred during the day. $0 million in uptick and $0.62 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


The stock has recorded a 20-day Moving Average of 0.73% and the 50-Day Moving Average is 1.49%. The company shares have dropped 20.35% in the past 52 Weeks. On June 23, 2015 The shares registered one year high of $36.5 and one year low was seen on February 9, 2016 at $20.67. The 50-day moving average is $28 and the 200 day moving average is recorded at $26.92. S&P 500 has rallied 1.93% during the last 52-weeks.

Axalta Coating Systems Ltd. (NYSE:AXTA): The stock opened at $28.34 on Tuesday but the bulls could not build on the opening and the stock topped out at $28.41 for the day. The stock traded down to $27.92 during the day, due to lack of any buying support eventually closed down at $28.07 with a loss of -1.06% for the day. The stock had closed at $28.37 on the previous day. The total traded volume was 2,133,265 shares.

Currently the company Insiders own 2.79% of Axalta Coating Systems Ltd. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.56% . Institutional Investors own 99% of Axalta Coating Systems Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -2.56%. On the companys insider trading activities,The officer (SVP & General Counsel) of Axalta Coating Systems Ltd., Finn Michael F. sold 1,315 shares at $27.95 on May 13, 2016. The Insider selling transaction had a total value worth of $36,754. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Axalta Coating Systems Ltd. is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company operates in two business segments: Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base. Through its Transportation Coatings segment, the Company provides advanced coating technologies to original equipment manufacturer (OEMs) of light and commercial vehicles. Its products are offered in four key end-markets, including the refinish automotive aftermarket, industrial, light vehicle or automotive original equipment manufacturers (OEM) market, and commercial vehicle market. The Companys products include liquid and powder coatings for motor vehicles OEMs, the motor vehicle aftermarket, and general industrial applications, such as coatings for heavy equipment, pipes, appliances and electrical insulation.

Leave a Reply

Get Pre-Market Alerts!

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