Shares of Tenaris S.A. (NYSE:TS) Sees Large Outflow of Money

Tenaris S.A. (NYSE:TS) : Wednesdays money flow analysis of Tenaris S.A. (NYSE:TS) 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 $0.96 million. In comparison, the inflow of money on upticks was a meager $0.28 million. The dollar value of composite uptick trades minus the downtick trades was negative $0.67 million. The uptick to downtick ratio of 0.3 in the money flow shows weakness. The downtick transaction value was high at $0.38 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($0.38 million). Tenaris S.A. (NYSE:TS) gained $0.59 at $27.9, a change of 2.16% over the previous days close.


Currently the company Insiders own 0.2% of Tenaris S.A. shares according to the proxy statements. Institutional Investors own 16.36% of Tenaris S.A. shares.

The company shares have rallied 3.41% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $29.74 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.12 and the 200 Day Moving Average price is recorded at $24.21. Tenaris S.A. (NYSE:TS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.20 and $27.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.26, notching a gain of 3.48% for the day. The total traded volume was 2,318,680 . The stock had closed at $27.31 on the previous day.

Tenaris S.A is a holding company, which is engaged in the steel pipe manufacturing and distribution businesses. The Company produces and sells both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. It operates in geographical areas, which include North America, South America, Europe, Middle East, Africa, and Far East and Oceania. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. It also manufactures sucker rods used in oil extraction activities, industrial equipment of various specifications and applications, including liquid and gas storage equipment, and welded steel pipes for electric conduits used in the construction industry.

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