Shares of Cummins (CMI) Sees Large Inflow of Net Money Flow

Cummins (CMI) : The money flow analysis of Cummins (CMI) indicates a $24.74 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $31.52 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.27 and so was the total money flow at $6.78 million. A solid up-down ratio of 4.79 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $7.93 million worth of block trades on upticks. Only $1.66 million worth of the stock exchanged hands on downticks. The money flow was $6.28 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Cummins (CMI), pushing it down by -0.21% for the day. The stock slid $0.25 and traded at $118.21 during the day. Nonetheless, the stock is -0.67% over the previous weeks close.


Cummins (CMI) : 13 investment research analysts covering Cummins (CMI) have an average price target of $111.54 for the near short term. The highest target price given by the Brokerage Firm to the stock is $160 and the lowest target is $95 for the short term. Analysts expect the variance to be within $17.51 of the average price.

Cummins (NYSE:CMI): On Fridays trading session , Opening price of the stock was $118.32 with an intraday high of $118.44. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $117.436. However, the stock managed to close at $118.21, a loss of 0.21% for the day. On the previous day, the stock had closed at $118.46. The total traded volume of the day was 1,058,932 shares.

In a related news, Rose Marya M, officer (V.P. – CAO) of Cummins Inc, unloaded 848 shares at an average price of $112.11 on May 25, 2016. The total amount of the transaction was worth $95,069, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Cummins Inc. is a global diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products, including filtration, after treatment, turbochargers, fuel systems, controls systems, air handling systems and electric power generation systems. It has four operating segments: Engine, Distribution, Components and Power Generation. The Company sells its products to original equipment manufacturers (OEMs), distributors and other customers. It serves its customers through a network of around 600 Company-owned and independent distributor locations and around 7,200 dealer locations in more than 190 countries. In addition, engines and engine components are manufactured by the Companys joint ventures or independent licensees at its manufacturing plants in the United States, China, India, South Korea, Mexico and Sweden. Its subsidiaries include Cummins India Ltd. and Wuxi Cummins Turbo Technologies Co. Ltd.

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