Shares of U.S. Silica Holdings (NYSE:SLCA) Sees Large Outflow of Money

U.S. Silica Holdings (NYSE:SLCA) : Net money flow in U.S. Silica Holdings (NYSE:SLCA) was negative ($0.99 million) and the inflow of money on uptick was $0.97 million, whereas, the outflow of money on downticks amounted to $1.96 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 0.5. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $0.62 million. The money flow in block trades was negative ($0.62). U.S. Silica Holdings (NYSE:SLCA) gained $0.85 cent during the day and reached $33.31, a gain of 2.6% over the previous day.


In an insider trading activity, The Securities and Exchange Commission has divulged that Avramovich Daniel W, director of U.S. Silica Holdings, Inc., had unloaded 10,000 shares at an average price of $19.49 in a transaction dated on November 18, 2015. The total value of the transaction was worth $194,900. Currently the company Insiders own 1.2% of U.S. Silica Holdings shares according to the proxy statements. Institutional Investors own 98.51% of U.S. Silica Holdings shares.

The company shares have rallied 16.97% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $35.66 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $30.20 and the 200 Day Moving Average price is recorded at $22.70. U.S. Silica Holdings (NYSE:SLCA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.15 and $32.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.20, notching a gain of 5.36% for the day. The total traded volume was 2,169,677 . The stock had closed at $32.46 on the previous day.

U.S. Silica Holdings, Inc. (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. The Company operates approximately 17 production facilities across the United States and controlled 363 million tons of reserves, including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.

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