AMTEK (AME): $5.4 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 1.56. The value of trades done on upticks was $15.11 million, whereas, trades done on downticks were valued at $9.7 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $8 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $1.41 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 5.66 was strongly in favor of the bulls. The money flow in block trades was $6.59 million. AMTEK (AME) fell $0.02 traded at $47.34, a change of -0.04% over the previous day. The stock is -0.59% for the week.
AMTEK (AME) stock is expected to deviate a maximum of $3.28 from the average target price of $54.67 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $60 and the most muted being $48.
AMTEK (NYSE:AME): On Fridays trading session , Opening price of the stock was $47.31 with an intraday high of $47.37. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $47.05. However, the stock managed to close at $47.34, a loss of 0.04% for the day. On the previous day, the stock had closed at $47.36. The total traded volume of the day was 1,244,004 shares.
In a related news, Marecic Thomas C, officer (PRES. – ELECTRONIC INSTRUMENTS) of Ametek Inc/, unloaded 6,500 shares at an average price of $44.89 on July 6, 2016. The total amount of the transaction was worth $291,785, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
AMETEK, Inc. (AMETEK) is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. AMETEK markets and sells its products through two groups: Electronic Instruments (EIG) and Electromechanical (EMG). The Companys EIG segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets. It offers process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor and factory automation industries. The Companys EMG segment offers electrical connectors and electronics packaging used in aerospace and defense, medical and industrial applications, as well as its advanced technical motor and motion control products, which are used in a range of medical devices, office and business equipment, factory automation, robotics and other applications.