Large Inflow of Money Detected in American Woodmark Corporation

American Woodmark Corporation (AMWD) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $8.28 million worth of transactions were on upticks, whereas, the downticks accounted for $4.93 million worth of transactions. The net money flow was a positive $3.36 million and the uptick to downtick ratio was 1.68. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 3.03 in their favor. The net money flow into the stock was $3.02 million. The value of block trades done on downticks was only $1.49 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $4.5 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. American Woodmark Corporation (AMWD) was trading at $74.3, down $0.35 during day. The stock slid -0.47% over the previous days close. For the week, the stock recorded -1.52% over the previous weeks close.


Also, In the latest statement by the brokerage house, Baird upgrades its outlook on American Woodmark Corporation (NASDAQ:AMWD). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on June 3, 2016.

American Woodmark Corporation (NASDAQ:AMWD): The stock opened at $74.99 on Wednesday but the bulls could not build on the opening and the stock topped out at $76.33 for the day. The stock traded down to $74.29 during the day, due to lack of any buying support eventually closed down at $74.30 with a loss of -0.47% for the day. The stock had closed at $74.65 on the previous day. The total traded volume was 264,380 shares.

The stock has recorded a 20-day Moving Average of 6.94% and the 50-Day Moving Average is 5.16%. In a related news, The director 10% owner, of American Woodmark Corp, Brandt William F had unloaded 1,000 shares at $76.44 per share in a transaction on July 13, 2016. The total value of transaction was $76,440. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 600 different cabinet lines, ranging from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces. The product offering of stock cabinets includes 85 door designs in 19 colors. Stock cabinets consist of cabinet interiors of a range of dimensions and construction options and a maple, oak, cherry, or hickory front frame, door and/or drawer front. The Companys products are sold under the brand names of American Woodmark, Timberlake, Shenandoah Cabinetry, Potomac and Waypoint Living Spaces.

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