Shares of Matthews International Corporation (NASDAQ:MATW) Sees Large Outflow of Money

Shares of Matthews International Corporation (NASDAQ:MATW) advanced to $54.59. The price had gained 0.13% or 0.07 points intraday. The latest trading session witnessed $0.49 million in upticks and $2.21 million in downticks, resulting in net money flow of (-1.72) million. The up/down ratio for the day stood at 0.22. On a weekly scale, the price has seen a change of 1.64%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-1.66) million occurred during the day. $0 million in uptick and $1.66 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 0.01% and the 50-Day Moving Average is 3.35%. The company shares have dropped 1% in the past 52 Weeks. On November 27, 2015 The shares registered one year high of $61.1 and one year low was seen on January 25, 2016 at $45. The 50-day moving average is $53.44 and the 200 day moving average is recorded at $51.28. S&P 500 has rallied 1.93% during the last 52-weeks.

Matthews International Corporation (NASDAQ:MATW): The stock opened at $54.36 on Tuesday but the bulls could not build on the opening and the stock topped out at $55.18 for the day. The stock traded down to $54.07 during the day, due to lack of any buying support eventually closed down at $54.51 with a loss of -0.02% for the day. The stock had closed at $54.52 on the previous day. The total traded volume was 121,307 shares.

Currently the company Insiders own 4.6% of Matthews International Corporation shares according to the proxy statements. Institutional Investors own 77% of Matthews International Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 14.7%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Strategy and Corp. Develo) of Matthews International Corp, Dunn Brian J had sold 13,333 shares worth of $723,315 in a transaction dated June 14, 2016. In this transaction, 13,333 shares were sold at $54.25 per share.

Matthews International Corporation is a designer, manufacturer and marketer of memorialization products and brand solutions. The Companys products and operations consist of six business segments: Cemetery Products, Funeral Home Products, Cremation, Graphics Imaging, Marking and Fulfillment Systems, and Merchandising Solutions. The Cemetery Products segment manufactures cast bronze and granite memorials and other memorialization products, cast and etched architectural products and is a builder of mausoleums in the United States. The Funeral Home Products segment manufactures caskets, distributes and produces wood, metal and cremation caskets. The Cremation segment is a designer and manufacturer of cremation equipment in North America and Europe. The Graphics Imaging segment manufactures and provides brand solutions, printing plates, gravure cylinders, pre-press services and imaging services for the packaging and corrugated industries.

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