Shares of Northrop Grumman Corporation (NYSE:NOC) Sees Large Outflow of Money

Northrop Grumman Corporation (NYSE:NOC) : Money flow in the Northrop Grumman Corporation (NYSE:NOC) stock was negative (5.05 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $47.32 million, compared to $52.37 million on downticks. The total uptick to downtick ratio was 0.9, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($5.17 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $5.17 million, indicating persistent selling. Northrop Grumman Corporation (NYSE:NOC) traded $0.87 higher at $217 gaining 0.4% over the previous days close.


In an insider trading activity, Cheston Sheila C., officer (Corp. VP & General Counsel) of Northrop Grumman Corp /De/, unloaded 3,105 shares at an average price of $215.52 on June 7, 2016. The total amount of the transaction was worth $669,190, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.9% of Northrop Grumman Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -20.08% . Institutional Investors own 87.56% of Northrop Grumman Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -23.97%.

The company shares have rallied 35.00% from its 1 Year high price. On May 12, 2016, the shares registered one year high at $218.84 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $214.96 and the 200 Day Moving Average price is recorded at $198.61. Northrop Grumman Corporation (NYSE:NOC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $217.20 and $216.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $217.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $217.24, notching a gain of 0.51% for the day. The total traded volume was 1,120,421 . The stock had closed at $216.13 on the previous day.

Northrop Grumman Corporation is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to government and commercial customers across the world. The Company operates through four segments: Aerospace Systems, Electronic Systems, Information Systems and Technical Services. It offers a portfolio of capabilities and technologies that enable it to deliver systems and solutions for applications. It participates in many high-priority defense and Government programs in the United States and abroad. The Company conducts business with the United States Government, the Department of Defense (DoD) and intelligence community. The Company also conducts business with local, state, and foreign Governments and domestic and international commercial customers.

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