Advanced Drainage Systems (WMS) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $3.82 million worth of transactions were on upticks, whereas, the downticks accounted for $0.17 million worth of transactions. The net money flow was a positive $3.65 million and the uptick to downtick ratio was 22.98. The net money flow into the stock was $3.69 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $3.69 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Advanced Drainage Systems (WMS) was trading at $27.02, down $0.07 during day. The stock slid -0.26% over the previous days close. For the week, the stock recorded -4.08% over the previous weeks close.
Advanced Drainage Systems (WMS) stock is expected to deviate a maximum of $4.19 from the average target price of $29.25 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $35 and the most muted being $25.
Advanced Drainage Systems (NYSE:WMS): stock turned positive on Friday. Though the stock opened at $27.12, the bulls momentum made the stock top out at $27.3 level for the day. The stock recorded a low of $26.811 and closed the trading day at $27.19, in the green by 0.37%. The total traded volume for the day was 338,340. The stock had closed at $27.09 in the previous days trading.
In a related news, Chlapaty Joseph A, CEO of Advanced Drainage Systems, Inc., had purchased 35,000 shares on June 13, 2016. The total value of the transaction was $909,300. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Advanced Drainage Systems, Inc. is a designer, manufacturer and marketer of high performance thermoplastic corrugated pipe and related water management products, primarily in North and South America and Europe. The Company is managed based primarily on the geographies in which it operates and reports results of operations in two reportable segments Domestic and International. The Companys products are used across a range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. The Companys product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products.