Large Outflow of Money Witnessed in Lincoln Electric Holdings

Lincoln Electric Holdings (LECO) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($0.93 million) and the uptick to downtick ratio was 0.46. The transaction value on upticks was $0.79 million and on downticks, the transaction value was $1.71 million. The transaction value of block trades during downticks was $0 million. The money flow was negative ($0 million), indicating the traders were booking profit on the price strength. Lincoln Electric Holdings (LECO) rose $0.15 at $60.77, during intraday Friday , a rise of 0.25% over the previous days close.


Lincoln Electric Holdings (LECO) : The consensus price target for Lincoln Electric Holdings (LECO) is $66.11 for the short term with a standard deviation of $8.39. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $80, however, the pessimist price target for the company is $52.

Lincoln Electric Holdings (NASDAQ:LECO): stock turned positive on Friday. Though the stock opened at $60.45, the bulls momentum made the stock top out at $61.75 level for the day. The stock recorded a low of $60.08 and closed the trading day at $61.55, in the green by 1.53%. The total traded volume for the day was 948,235. The stock had closed at $60.62 in the previous days trading.

In a related news,The director of Lincoln Electric Holdings Inc, Lincoln G Russell sold 4,167 shares at $60.81 on November 6, 2015. The Insider selling transaction had a total value worth of $253,395. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Lincoln Electric Holdings, Inc. is a manufacturer of welding, cutting and brazing products. Welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company operates in five segments: North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The Companys product offering also includes computer numeric controlled (CNC) plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting and brazing. In addition, the Company is also engaged in brazing and soldering alloys activities. The Company has, through wholly owned subsidiaries or joint ventures, manufacturing facilities located in the United States, Brazil, Canada, China, Colombia, France, Germany, India, Indonesia, Italy, Mexico, the Netherlands, Poland, Portugal, Russia, Turkey, the United Kingdom and Venezuela.

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