Large Outflow of Money Witnessed in Xylem

Xylem (XYL) : Net money flow in Xylem (XYL) was negative ($1.9 million) and the inflow of money on uptick was $2.25 million, whereas, the outflow of money on downticks amounted to $4.16 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.54. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.8 million. On the other hand, the total value of block trades done on downticks was $1.87 million. The ratio of uptick to downtick block trades was 0.43. The money flow in block trades was negative ($1.08). Xylem (XYL) gained $0.14 cent during the day and reached $46.88, a gain of 0.3% over the previous day.


Xylem (XYL) : The consensus price target for Xylem (XYL) is $46.5 for the short term with a standard deviation of $4.38. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $52, however, the pessimist price target for the company is $41.

Xylem (NYSE:XYL): stock turned positive on Friday. Though the stock opened at $46.71, the bulls momentum made the stock top out at $47.065 level for the day. The stock recorded a low of $46.62 and closed the trading day at $46.96, in the green by 0.47%. The total traded volume for the day was 763,091. The stock had closed at $46.74 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Xylem Inc., Loranger Steven R had sold 50,000 shares worth of $2,226,000 in a transaction dated June 1, 2016. In this transaction, 50,000 shares were sold at $44.52 per share.

Xylem Inc. is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment. The Company is an equipment and service provider in various application areas of the water equipment industry: transport, treatment, test, building services, industrial processing and irrigation. The Companys water market brands, such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection, distribution and return) and Applied Water (usage).

Leave a Reply

Get Pre-Market Alerts!

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