Large Outflow of Money Witnessed in Stanley Black & Decker

Stanley Black & Decker (SWK) : The total negative money flow of $7.88 million on Friday indicates selling on strength. The inflow of money on upticks was $60.78 million, compared to $68.66 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.89. The negative money flow of $4.56 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $6.55 million in a block trade.The transaction value of block trade on downtick was $11.11 million. The uptick to downtick ratio was 0.59. The price action in the Stanley Black & Decker (SWK) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $120.49 with a gain of $5.52 , a change of 4.8% over the previous days close. The stock registered 2.68% for the week.


Stanley Black & Decker (SWK) : The highest level Stanley Black & Decker (SWK) is projected to reach is $130 for the short term and the lowest estimate is at $107. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $120.88 and the possibility the share price can swing is $7.14.

Stanley Black & Decker (NYSE:SWK): stock turned positive on Friday. Though the stock opened at $119.4, the bulls momentum made the stock top out at $121.0986 level for the day. The stock recorded a low of $118.17 and closed the trading day at $120.49, in the green by 4.80%. The total traded volume for the day was 2,226,129. The stock had closed at $114.97 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Mcchesney Lee B, officer (CFO,GT&S and Pres.,Ind Vert) of Stanley Black & Decker, Inc., had unloaded 1,875 shares at an average price of $118.06 in a transaction dated on July 14, 2016. The total value of the transaction was worth $221,363.

Stanley Black & Decker, Inc. is a global provider of power and hand tools, products and services. The Company provides products and services for various industrial applications, mechanical access solutions (automatic doors and commercial locking systems), and electronic security and monitoring systems. The Companys operating segments include: Construction & Do-It-Yourself (CDIY), Industrial and Security. The CDIY segment consists of the Professional Power Tool Business; the Consumer Products Group, which includes outdoor products; the Hand Tools & Storage business, and the Fastening & Accessories business. The Industrial segment consists of the Industrial and Automotive Repair (IAR), Engineered Fastening and Infrastructure Businesses. The Security segment consists of the Convergent Security Solutions (CSS) and Mechanical Access Solutions (MAS) businesses.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.