Shares of Installed Building Products (IBP) Sees Large Outflow of Money

Installed Building Products (IBP) : The value of composite uptick trades was $2.01 million, whereas, the value of composite downtick trades was $19.53 million. The uptick to downtick ratio stood at 0.1 with a negative money flow of ($17.52) Million during Wednesdays trading session. The block trades money flow was negative ($17.71 million). The transaction of the trades on downticks amounted to $17.71 million, which confirms investors selling on the strength of price. Installed Building Products (IBP) gained 23 cents at $38.04, an increase of 0.61% over the previous days close.


Also, Equity Analysts at the Zelman downgrades the rating on Installed Building Products (NYSE:IBP). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 5, 2016.

Installed Building Products (NYSE:IBP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.93 and $37.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.04, notching a gain of 0.61% for the day. The total traded volume was 672,467 . The stock had closed at $37.81 on the previous day.

The stock has recorded a 20-day Moving Average of 5.6% and the 50-Day Moving Average is 10.86%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Installed Building Products, Inc., Hilsheimer Lawrence A., had purchased 4,300 shares in a transaction dated on March 14, 2016. The transaction was executed at $23.27 per share with total amount equaling $100,061.

Installed Building Products, Inc. is a residential insulation installer in the United States. The Companys national platform consists of over 100 locations accessing customers in all 48 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provides cross-selling opportunities to supplement the insulation installation business. The Company manages various aspects of the installation process for the customers, from the direct purchase and receipt of materials from national manufacturers, to supply of materials to job sites and quality installation. The Companys customers include production and custom homebuilders, multi-family and commercial contractors, and homeowners.

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