Large Outflow of Money Witnessed in Oshkosh Corporation

Oshkosh Corporation (OSK) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (8.34 million) in Oshkosh Corporation (OSK). On Friday, The value of composite uptick trades was $8.35 million, whereas, the value of composite downtick trades was $16.69 million and the ratio between the two was 0.5, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $11.82 million. $2.59 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.22. The negative money flow of ($9.23 million) shows selling on strength. Oshkosh Corporation (OSK) gained $0.09 intraday at $48.95 and registrered 0.18% for the week.


Oshkosh Corporation (OSK) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $65 and the lowest price target forecast is $42. The average forecast of all the analysts is $53.78 and the expected standard deviation is $6.04.

Oshkosh Corporation (NYSE:OSK): stock turned positive on Friday. Though the stock opened at $49, the bulls momentum made the stock top out at $49.21 level for the day. The stock recorded a low of $48.27 and closed the trading day at $48.95, in the green by 0.18%. The total traded volume for the day was 812,200. The stock had closed at $48.86 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Donnelly Richard M, director of Oshkosh Corp, had unloaded 900 shares at an average price of $45.39 in a transaction dated on May 20, 2016. The total value of the transaction was worth $40,851.

Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The companys brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London. The Company operates through four segments: Access equipment, Defense, Fire & emergency and Commercial. The Access equipment segment provides aerial work platforms and telehandlers to position workers and materials at elevated heights. The Defense segment provides supply parts and services and wheeled vehicles. The Fire & Emergency segment manufactures and markets commercial and custom fire vehicles, simulators and emergency vehicles. The Commercial segment manufactures, markets and distributes concrete mixers, portable concrete batch plants, and vehicle and vehicle body components.

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