Shares of Colgate-Palmolive Company (CL) Sees Large Outflow of Money

Colgate-Palmolive Company (CL) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (22.04 million) in Colgate-Palmolive Company (CL). On Wednesday, The value of composite uptick trades was $28.29 million, whereas, the value of composite downtick trades was $50.32 million and the ratio between the two was 0.56, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $29.47 million. $6.95 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.24. The negative money flow of ($22.52 million) shows selling on strength. Colgate-Palmolive Company (CL) gained $0.01 intraday at $74.18 and registrered 0.01% for the week.


Also, Equity analysts at the Brokerage firm Goldman Sachs upgrades its rating on Colgate-Palmolive Company (NYSE:CL). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Sell by the brokerage firm. The Analysts at Goldman Sachs raises the price target from $62 per share to $75 per share. The rating by the firm was issued on May 2, 2016.

Colgate-Palmolive Company (NYSE:CL): The stock opened at $74.27 on Wednesday but the bulls could not build on the opening and the stock topped out at $74.51 for the day. The stock traded down to $74.09 during the day, due to lack of any buying support eventually closed down at $74.12 with a loss of -0.07% for the day. The stock had closed at $74.17 on the previous day. The total traded volume was 2,961,822 shares.

The stock has recorded a 20-day Moving Average of 1.39% and the 50-Day Moving Average is 2.84%. In a related news,The officer (Chief Technology Officer) of Colgate Palmolive Co, Verduin Patricia sold 3,666 shares at $72.19 on June 15, 2016. The Insider selling transaction had a total value worth of $264,649. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Colgate-Palmolive Company (Colgate) is a consumer products company, whose products are marketed in more than 200 countries and territories throughout the world. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments: North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia. The Companys oral care products include Colgate Total; Colgate Sensitive Pro-Relief; Colgate Max Fresh; Colgate Optic White and Colgate Luminous White toothpastes, among others. The Company sells its personal care products under the Palmolive, Protex and Softsoap brands. The Company, through its Hills Pet Nutrition segment (Hills), manufactures pet nutrition products for dogs and cats.

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