Shares of Baker Hughes Incorporated (NYSE:BHI) Sees Large Outflow of Money

Baker Hughes Incorporated (NYSE:BHI) had an volatile session and gained 0.84 points till last call. The price was at $46.71, gaining 1.83% till the last intraday data. The total uptick value was $8.9 million while the total downtick value was $11.02 million. The shares saw a net money flow of $(-2.12) million and the up/down ratio stood at 0.81. The stock has seen a change of of -0.21% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-1.8) million. Almost $0 million were received in upticks and approximately $1.8 million were lost in downticks, thereby giving the up/down ratio of 0.


The stock has recorded a 20-day Moving Average of 0.67% and the 50-Day Moving Average is 2.18%. The company shares have dropped 27.06% in the past 52 Weeks. On June 24, 2015 The shares registered one year high of $63.22 and one year low was seen on January 20, 2016 at $37.58. The 50-day moving average is $45.95 and the 200 day moving average is recorded at $44.63. S&P 500 has rallied 1.93% during the last 52-weeks.

Baker Hughes Incorporated (NYSE:BHI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.81 and $45.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.60, notching a gain of 1.59% for the day. The total traded volume was 2,913,372 . The stock had closed at $45.87 on the previous day.

Currently the company Insiders own 0.6% of Baker Hughes Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -38.71% . Institutional Investors own 86.78% of Baker Hughes Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -38.71%. On the companys insider trading activities,The officer (VP, General Counsel) of Baker Hughes Inc, Marsh William D sold 1,500 shares at $49.1 on June 6, 2016. The Insider selling transaction had a total value worth of $73,650. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals, and process and pipeline services. It conducts its operations through subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Companys Integrated Operations is focused on the execution of projects that have attributes, such as project management, well site supervision, well construction, intervention, third-party contractor management, procurement and rig management.

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