Ecolab (ECL) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $1.44 million worth of transactions were on upticks, whereas, the downticks accounted for $0.24 million worth of transactions. The net money flow was a positive $1.2 million and the uptick to downtick ratio was 6.03. The net money flow into the stock was $0 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Ecolab (ECL) was trading at $119.62, down $0.02 during day. The stock slid -0.02% over the previous days close. For the week, the stock recorded -1.1% over the previous weeks close.
Ecolab (ECL) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $136 and the lowest price target forecast is $112. The average forecast of all the analysts is $120.8 and the expected standard deviation is $7.54.
Ecolab (NYSE:ECL): stock turned positive on Friday. Though the stock opened at $119.74, the bulls momentum made the stock top out at $120.3881 level for the day. The stock recorded a low of $119.412 and closed the trading day at $120.02, in the green by 0.32%. The total traded volume for the day was 573,009. The stock had closed at $119.64 in the previous days trading.
In a related news, The officer (EVP & Regions President), of Ecolab Inc., Mulhere Timothy P had unloaded 3,762 shares at $121.6 per share in a transaction on June 8, 2016. The total value of transaction was $457,459. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Ecolab Inc. provides water, hygiene and energy technologies and services. The Company operating segments include Global Industrial, Global Institutional, Global Energy and Other. The Companys Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units. The Global Energy segment provides on-site, technology-driven solutions to the global drilling, oil and gas production, refining, and petrochemical industries. Other segment consists of the pest elimination and equipment care operating units. The Companys cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, Government and education, retail, textile care and commercial facilities management sectors in over 170 countries.