Large Outflow of Money Witnessed in United Technologies Corporation

United Technologies Corporation (UTX) : Money flow in the United Technologies Corporation (UTX) stock was negative (29.25 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $37.92 million, compared to $67.18 million on downticks. The total uptick to downtick ratio was 0.56, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($27.1 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $27.1 million, indicating persistent selling. United Technologies Corporation (UTX) traded $0.3 higher at $103.96 gaining 0.29% over the previous days close.


The company Insiders own 0.15% of United Technologies Corporation shares according to the proxy statements. Institutional Investors own 84.24% of United Technologies Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 979.59%. In an insider trading activity, The Securities and Exchange Commission has divulged that Gill Charles D, officer (Executive VP & General Counsel) of United Technologies Corp /De/, had unloaded 8,958 shares at an average price of $102.04 in a transaction dated on June 8, 2016. The total value of the transaction was worth $914,074.

Shares of United Technologies Corporation rose by 3.86% in the last five trading days and 2.45% for the last 4 weeks. United Technologies Corporation is up 2.05% in the last 3-month period. Year-to-Date the stock performance stands at 10.31%.

United Technologies Corporation (NYSE:UTX): stock turned positive on Tuesday. Though the stock opened at $104.23, the bulls momentum made the stock top out at $105.06 level for the day. The stock recorded a low of $104.09 and closed the trading day at $104.5, in the green by 0.52%. The total traded volume for the day was 3,748,878. The stock had closed at $103.96 in the previous days trading.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.

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