Large Outflow of Money Witnessed in Rio Tinto Plc

Rio Tinto Plc (RIO) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.02 million) in Rio Tinto Plc (RIO). On Tuesday, The value of composite uptick trades was $1 million, whereas, the value of composite downtick trades was $2.03 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 $1.28 million. The negative money flow of ($1.28 million) shows selling on strength. Rio Tinto Plc (RIO) gained $0.88 intraday at $33.01 and registrered 2.74% for the week.


Institutional Investors own 6.3% of Rio Tinto Plc shares.

Shares of Rio Tinto plc rose by 8.82% in the last five trading days and 18.79% for the last 4 weeks. Rio Tinto plc is up 10.86% in the last 3-month period. Year-to-Date the stock performance stands at 18.52%.

Rio Tinto Plc (NYSE:RIO): stock turned positive on Tuesday. Though the stock opened at $33.04, the bulls momentum made the stock top out at $33.365 level for the day. The stock recorded a low of $32.67 and closed the trading day at $33.19, in the green by 3.30%. The total traded volume for the day was 5,857,865. The stock had closed at $32.13 in the previous days trading.

Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earths mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters. The Companys copper core properties include Rio Tinto Kennecott, Oyu Tolgoi, Escondida and Grasberg. Rio Tinto Kennecott supplies approximately 20% of United States refined copper requirements, and is a mining, concentrating, smelting and refining operations property. Rio Tinto Diamonds is a diamond producer, engaged in mining, manufacturing, selling and marketing diamonds. Rio Tintos Energy product group produces coal and uranium. Rio Tinto operates iron ore portfolio. Exploration joint ventures were established in Canada, the United States, Chile, Mexico and Australia.

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