Valspar Corporation (The) (VAL): The stock had negative money flow to the tune of ($14.7 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $5.18 million, whereas, the outflow of money on downticks was $19.88 million and the ratio between the two was 0.26. The block trade had a negative net money flow of ($14.57 million). On the other hand, downticks amounted to $14.57 million of the traded value, which shows distribution in the stock by traders. Valspar Corporation (The) (VAL) closed with marginal gains of 29 cents to end the day at $107.03, an increase of 0.27% over the previous days close. The stock recorded -1.12% for the week.
Valspar Corporation (The) (VAL) : The highest level Valspar Corporation (The) (VAL) is projected to reach is $113 for the short term and the lowest estimate is at $87. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $106.29 and the possibility the share price can swing is $10.75.
Valspar Corporation (The) (NYSE:VAL): stock turned positive on Friday. Though the stock opened at $106.7, the bulls momentum made the stock top out at $107.21 level for the day. The stock recorded a low of $106.7 and closed the trading day at $107.03, in the green by 0.27%. The total traded volume for the day was 454,980. The stock had closed at $106.74 in the previous days trading.
In a related news, The Securities and Exchange Commission has divulged that Hendrickson Gary E, director officer (Chairman, President and CEO) of Valspar Corp, had unloaded 50,000 shares at an average price of $84.65 in a transaction dated on December 7, 2015. The total value of the transaction was worth $4,232,500.
The Valspar Corporation is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The Company operates through two business segments: Coatings and Paints. The Coatings segment includes the Companys industrial product lines and packaging product line. The Company offers a range of decorative and protective coatings for metal, wood and plastic, primarily for sale to original equipment manufacturing (OEM) customers in Asia, Australia, Europe, North America and South America. The Paints segment includes the Companys consumer paints and automotive paint refinish product lines. The Company offers a range of paints, primers, topcoats and aerosol spray paints through retailers, distribution networks and Company-owned stores.