Shares of Honeywell International (HON) Sees Large Outflow of Money

Honeywell International (HON) : Net money flow in Honeywell International (HON) was negative ($11.69 million) and the inflow of money on uptick was $46.9 million, whereas, the outflow of money on downticks amounted to $58.59 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.8. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $5.82 million. On the other hand, the total value of block trades done on downticks was $18.84 million. The ratio of uptick to downtick block trades was 0.31. The money flow in block trades was negative ($13.02). Honeywell International (HON) gained $0.53 cent during the day and reached $119.88, a gain of 0.44% over the previous day.


Also, UBS maintains its view on Honeywell International (NYSE:HON) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. UBS raises the price target from $105 per share to $115 per share on Honeywell International . The rating by the firm was issued on June 6, 2016.

Honeywell International (NYSE:HON): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $119.44 and $119.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $120.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $119.88, notching a gain of 0.44% for the day. The total traded volume was 2,174,439 . The stock had closed at $119.35 on the previous day.

The stock has recorded a 20-day Moving Average of 2.59% and the 50-Day Moving Average is 3.82%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SrVP, Engineering, Ops & IT) of Honeywell International Inc, Mikkilineni Krishna had sold 13,000 shares worth of $1,483,300 in a transaction dated May 27, 2016. In this transaction, 13,000 shares were sold at $114.1 per share.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company. The Company is engaged in serving customers across the world with aerospace products and services, turbochargers, control, sensing and security technologies for buildings, homes and industry, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. The Company operates in segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment is a supplier of aircraft engines, integrated avionics, systems and service solutions, and related products and services. ACS segment provides environmental and combustion controls, sensing controls, security and life safety products and services. Its PMT segment develops and manufactures advanced materials, process technologies and automation solutions.

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