Large Outflow of Money Witnessed in Baker Hughes Incorporated

Baker Hughes Incorporated (BHI) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($8.34 million) and the uptick to downtick ratio was 0.67. The transaction value on upticks was $16.67 million and on downticks, the transaction value was $25.01 million. The transaction value of block trades during downticks was $8.45 million. The money flow was negative ($8.45 million), indicating the traders were booking profit on the price strength. Baker Hughes Incorporated (BHI) rose $0.05 at $44.54, during intraday Friday , a rise of 0.11% over the previous days close.


Baker Hughes Incorporated (BHI) : The most positive equity analysts on Baker Hughes Incorporated (BHI) expects the shares to touch $63, whereas, the least positive believes that the stock will trade at $38 in the short term. The company is covered by 20 Wall Street Brokerage Firms. The average price target for shares are $50.3 with an expected fluctuation of $7.68 from the mean.

Baker Hughes Incorporated (NYSE:BHI): stock turned positive on Friday. Though the stock opened at $44.4, the bulls momentum made the stock top out at $44.97 level for the day. The stock recorded a low of $43.82 and closed the trading day at $44.55, in the green by 0.13%. The total traded volume for the day was 2,546,146. The stock had closed at $44.49 in the previous days trading.

In a related news,The officer (VP, General Counsel) of Baker Hughes Inc, Marsh William D sold 1,500 shares at $49.1 on June 6, 2016. The Insider selling transaction had a total value worth of $73,650. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals, and process and pipeline services. It conducts its operations through subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Companys Integrated Operations is focused on the execution of projects that have attributes, such as project management, well site supervision, well construction, intervention, third-party contractor management, procurement and rig management.

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