Large Outflow of Money Witnessed in Diageo plc

Diageo plc (DEO) : The value of composite uptick trades was $1.02 million, whereas, the value of composite downtick trades was $1.83 million. The uptick to downtick ratio stood at 0.56 with a negative money flow of ($0.81) Million during Fridays trading session. The block trades money flow was negative ($0 million). The transaction of the trades on downticks amounted to $0 million, which confirms investors selling on the strength of price. Diageo plc (DEO) gained 23 cents at $113.01, an increase of 0.2% over the previous days close.


Diageo plc (DEO) : The consensus price target for Diageo plc (DEO) is $128 for the short term with a standard deviation of $10.82. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $137, however, the pessimist price target for the company is $116.

Diageo plc (NYSE:DEO): stock turned positive on Friday. Though the stock opened at $112.57, the bulls momentum made the stock top out at $114.05 level for the day. The stock recorded a low of $112.56 and closed the trading day at $114.03, in the green by 1.11%. The total traded volume for the day was 478,590. The stock had closed at $112.78 in the previous days trading.

Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses. Diageos brands are also produced at plants owned and operated by third parties and joint ventures at a number of locations around the world. Its geographical segments are North America, Europe, Africa, Latin America and Caribbean, Asia Pacific and Corporate. It offers products under various brands, including Johnnie Walker, Smirnoff, Captain Morgan, Baileys, Tanqueray, Guinness, Crown Royal, Yeni Raki, JeB, Buchanans, Bundaberg, Ypioca, Cacique, Windsor, Bells, JeB, Grand Old Parr, Shui Jing Fang, Ciroc and Bulleit Bourbon, among others.

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