Ecolab (ECL): $2.44 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.15. The value of trades done on upticks was $18.91 million, whereas, trades done on downticks were valued at $16.47 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $1.6 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $1.6 million. Ecolab (ECL) fell $0.1 traded at $120.04, a change of -0.08% over the previous day. The stock is -0.75% for the week.
Also, Major Brokerage house, Citigroup maintains its ratings on Ecolab (NYSE:ECL). In the latest research report, Citigroup raises the target price from $117 per share to $127 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on July 15, 2016.
Ecolab (NYSE:ECL): The stock opened at $120.19 on Wednesday but the bulls could not build on the opening and the stock topped out at $120.43 for the day. The stock traded down to $119.71 during the day, due to lack of any buying support eventually closed down at $120.03 with a loss of -0.09% for the day. The stock had closed at $120.14 on the previous day. The total traded volume was 840,490 shares.
The stock has recorded a 20-day Moving Average of 1.08% and the 50-Day Moving Average is 1.49%. In a related news, The Securities and Exchange Commission has divulged that Mulhere Timothy P, officer (EVP & Regions President) of Ecolab Inc., had unloaded 3,762 shares at an average price of $121.6 in a transaction dated on June 8, 2016. The total value of the transaction was worth $457,459.
Ecolab Inc. provides water, hygiene and energy technologies and services. The Company operating segments include Global Industrial, Global Institutional, Global Energy and Other. The Companys Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units. The Global Energy segment provides on-site, technology-driven solutions to the global drilling, oil and gas production, refining, and petrochemical industries. Other segment consists of the pest elimination and equipment care operating units. The Companys cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, Government and education, retail, textile care and commercial facilities management sectors in over 170 countries.