Large Outflow of Money Witnessed in Martin Marietta Materials

Martin Marietta Materials (MLM) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($0.48 million) and the uptick to downtick ratio was 0.64. The transaction value on upticks was $0.86 million and on downticks, the transaction value was $1.34 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. Martin Marietta Materials (MLM) rose $1.33 at $197.41, during intraday Friday , a rise of 0.68% over the previous days close.


Martin Marietta Materials (MLM) : 7 Wall Street analysts covering Martin Marietta Materials (MLM) believe that the average level the stock could reach for the short term is $189.43. The maximum price target given is $205 and the minimum target for short term is around $166, hence the standard deviation is calculated at $15.56.

Martin Marietta Materials (NYSE:MLM): stock turned positive on Friday. Though the stock opened at $195.94, the bulls momentum made the stock top out at $198.77 level for the day. The stock recorded a low of $195.94 and closed the trading day at $198.25, in the green by 1.11%. The total traded volume for the day was 399,130. The stock had closed at $196.08 in the previous days trading.

In a related news,The director of Martin Marietta Materials Inc, Zelnak Stephen P Jr sold 3,000 shares at $188.9 on June 8, 2016. The Insider selling transaction had a total value worth of $566,700. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Martin Marietta Materials, Inc. is a supplier of aggregates products (crushed stone, sand, and gravel) and heavy building materials (cement) for the construction industry, including infrastructure, non-residential, residential, railroad ballast, agricultural and chemical grade stone used in environmental applications. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Companys Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. The Companys Cement Business is engaged in producing Portland and specialty cements, such as masonry and oil well cements. The Companys Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.

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