Shares of Beacon Roofing Supply (BECN) Sees Large Inflow of Net Money Flow

Beacon Roofing Supply (BECN) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $5.16 million worth of transactions were on upticks, whereas, the downticks accounted for $4.36 million worth of transactions. The net money flow was a positive $0.8 million and the uptick to downtick ratio was 1.18. The net money flow into the stock was $0.96 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.96 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Beacon Roofing Supply (BECN) was trading at $47.77, down $0.54 during day. The stock slid -1.12% over the previous days close. For the week, the stock recorded 0.08% over the previous weeks close.


The company Insiders own 1.15% of Beacon Roofing Supply shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -35.76% . During last six month period, the net percent change held by insiders has seen a change of -35.76%. In an insider trading activity, Buck Robert R, Director Officer (Chairman) of BEACON ROOFING SUPPLY INC, unloaded 17,556 shares at an average price of $45.37 on June 23, 2016. The total amount of the transaction was worth $796,516, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shares of Beacon Roofing Supply, Inc. rose by 3.36% in the last five trading days and 9.5% for the last 4 weeks. Beacon Roofing Supply, Inc. is up 12.36% in the last 3-month period. Year-to-Date the stock performance stands at 15.91%.

Beacon Roofing Supply (NASDAQ:BECN): On Tuesdays trading session , Opening price of the stock was $48.52 with an intraday high of $48.71. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $47.56. However, the stock managed to close at $47.73, a loss of 1.20% for the day. On the previous day, the stock had closed at $48.31. The total traded volume of the day was 682,719 shares.

Beacon Roofing Supply, Inc. is engaged in distributing residential and non-residential roofing materials in the United States and Canada. The Company also distributes other complementary building materials, including siding, windows, specialty lumber products and waterproofing systems for residential and nonresidential building exteriors. As of September 30, 2013, the Company operated 236 branches in 39 states and six Canadian provinces, carrying up to 11,000 stock keeping units (SKUs). It is a distributor of roofing materials in metropolitan markets in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada. The Companys customer base consists of more than 47,000 contractors, home builders, building owners, and other resellers primarily in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada.

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