Shares of Rio Tinto Plc (NYSE:RIO) Sees Large Outflow of Money

Rio Tinto Plc (NYSE:RIO) : Wednesdays money flow analysis of Rio Tinto Plc (NYSE:RIO) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $8.15 million. In comparison, the inflow of money on upticks was a meager $5.7 million. The dollar value of composite uptick trades minus the downtick trades was negative $2.45 million. The uptick to downtick ratio of 0.7 in the money flow shows weakness. The downtick transaction value was high at $2.11 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($2.11 million). Rio Tinto Plc (NYSE:RIO) gained $1.16 at $30.12, a change of 4.01% over the previous days close.


Institutional Investors own 6.31% of Rio Tinto Plc shares.

The company shares have dropped -28.90% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $41.69 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $28.86 and the 200 Day Moving Average price is recorded at $28.28. Rio Tinto Plc (NYSE:RIO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.97 and $29.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.95, notching a gain of 3.42% for the day. The total traded volume was 4,769,133 . The stock had closed at $28.96 on the previous day.

Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earths mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters. The Companys copper core properties include Rio Tinto Kennecott, Oyu Tolgoi, Escondida and Grasberg. Rio Tinto Kennecott supplies approximately 20% of United States refined copper requirements, and is a mining, concentrating, smelting and refining operations property. Rio Tinto Diamonds is a diamond producer, engaged in mining, manufacturing, selling and marketing diamonds. Rio Tintos Energy product group produces coal and uranium. Rio Tinto operates iron ore portfolio. Exploration joint ventures were established in Canada, the United States, Chile, Mexico and Australia.

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