Shares of Silver Wheaton Corp (NYSE:SLW) Sees Large Outflow of Money

Silver Wheaton Corp (NYSE:SLW) : Net money flow in Silver Wheaton Corp (NYSE:SLW) was negative ($2.77 million) and the inflow of money on uptick was $6.5 million, whereas, the outflow of money on downticks amounted to $9.27 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.7. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.33 million. On the other hand, the total value of block trades done on downticks was $2.39 million. The ratio of uptick to downtick block trades was 0.14. The money flow in block trades was negative ($2.05). Silver Wheaton Corp (NYSE:SLW) gained $0.66 cent during the day and reached $22.55, a gain of 3.02% over the previous day.


Institutional Investors own 50.01% of Silver Wheaton Corp shares.

The company shares have rallied 29.14% from its 1 Year high price. On Jun 28, 2016, the shares registered one year high at $22.42 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.00 and the 200 Day Moving Average price is recorded at $16.42. Silver Wheaton Corp (NYSE:SLW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.45 and $22.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.82, notching a gain of 4.25% for the day. The total traded volume was 8,979,482 . The stock had closed at $21.89 on the previous day.

Silver Wheaton Corp. (Silver Wheaton) is a Canada-based mining company. The Company is engaged in pure precious metals streaming and generates its revenues from the sale of silver and gold. As of December 31, 2014, Silver Wheaton had entered into 18 long-term purchase agreements and one early deposit long-term purchase agreement associated with silver and gold (precious metal purchase agreements), relating to 27 different mining assets, whereby Silver Wheaton acquired silver and gold production from the counterparties for a per ounce cash payment which was fixed by contract, generally at or below the prevailing market price. As of December 31, 2014, gold and silver interests owned by Silver Wheaton included San Dimas and Penasquito in Mexico; Yauliyacu, Lagunas Norte and Pierina in Peru; 777, Canada; Salobo, Brazil; Sudbury and Minto in Canada; Veladero, Argentina; Zinkgruvan, Sweden, and Neves-Corvo and Aljustrel in Portugal.

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