Shares of PPG Industries (NYSE:PPG) Sees Large Outflow of Money

PPG Industries (NYSE:PPG): The stock had negative money flow to the tune of ($14.59 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $26.33 million, whereas, the outflow of money on downticks was $40.92 million and the ratio between the two was 0.64. The block trade had a negative net money flow of ($16.24 million). The total block trade value undertaken on upticks was $0.24 million. On the other hand, downticks amounted to $16.48 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.01. PPG Industries (NYSE:PPG) closed with marginal gains of 193 cents to end the day at $102.49, an increase of 1.92% over the previous days close. The stock recorded -0.23% for the week.


In an insider trading activity,The director officer (Executive Chairman of Board) of Ppg Industries Inc, Bunch Charles E sold 46,286 shares at $98.17 on February 26, 2016. The Insider selling transaction had a total value worth of $4,543,897. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.68% of PPG Industries shares according to the proxy statements. Institutional Investors own 75.67% of PPG Industries shares. During last six month period, the net percent change held by insiders has seen a change of -6.68%.

The company shares have dropped -13.68% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $118.27 and the one year low was seen on Oct 1, 2015. The 50-Day Moving Average price is $107.28 and the 200 Day Moving Average price is recorded at $103.44. PPG Industries (NYSE:PPG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $101.94 and $101.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $102.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $102.49, notching a gain of 1.92% for the day. The total traded volume was 1,582,807 . The stock had closed at $100.56 on the previous day.

PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, architectural coatings-Americas and Asia Pacific, architectural coatings-EMEA, and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings, industrial coatings, packaging coatings, and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.

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