Large Inflow of Money Detected in Sherwin-Williams Company (The)

Sherwin-Williams Company (The) (SHW) : Sherwin-Williams Company (The) (SHW) had a healthy money flow of $3.81 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $16.04 million, whereas, investors only sold shares worth $12.23 million on downticks. The stock closed the day with an up-down ratio of 1.31.The money flow in the block trades to the tune of $0.1 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.1 million worth of transactions were on upticks. Sherwin-Williams Company (The) (SHW) stock slid $0.05 intraday and traded at 308.95, a change of -0.02% over previous days close. However, for the week, the company shares are 1% compared to previous weeks close.


Also, Seaport Global downgrades their rating on the shares of Sherwin-Williams Company (The) (NYSE:SHW). The current rating of the shares is Neutral. Earlier, the shares were rated a Accumulate by the brokerage firm. The rating by the firm was issued on July 11, 2016.

Sherwin-Williams Company (The) (NYSE:SHW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $310.00 and $308.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $312.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $312.10, notching a gain of 1.00% for the day. The total traded volume was 954,875 . The stock had closed at $309.00 on the previous day.

The stock has recorded a 20-day Moving Average of 4.91% and the 50-Day Moving Average is 6.11%. In a related news, The Securities and Exchange Commission has divulged that Sewell David B, officer (President, Global Finishes Grp) of Sherwin Williams Co, had unloaded 4,598 shares at an average price of $297.39 in a transaction dated on May 16, 2016. The total value of the transaction was worth $1,367,399.

The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Companys segments include Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items. The Consumer Group develops, manufactures and distributes a range of paint, coatings and related products to third party customers. The Global Finishes Group develops, licenses, manufactures, distributes and sells a range of protective and marine products, automotive finishes and refinished products, and OEM product finishes, among others. The Latin America Coatings Group develops, licenses, manufactures, distributes and sells a range of architectural paint and coatings, protective and marine products, and OEM product finishes, among others.

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