Shares of Methanex Corporation (MEOH) Sees Large Inflow of Net Money Flow

Methanex Corporation (MEOH): $2.4 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 1.59. The value of trades done on upticks was $6.47 million, whereas, trades done on downticks were valued at $4.07 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $2.86 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $0.84 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 3.38 was strongly in favor of the bulls. The money flow in block trades was $2.01 million. Methanex Corporation (MEOH) fell $0.15 traded at $28.42, a change of -0.53% over the previous day. The stock is -3.46% for the week.


Methanex Corporation (MEOH) : 6 Wall Street analysts covering Methanex Corporation (MEOH) believe that the average level the stock could reach for the short term is $38.92. The maximum price target given is $43 and the minimum target for short term is around $34, hence the standard deviation is calculated at $3.93.

Methanex Corporation (NASDAQ:MEOH): On Fridays trading session , Opening price of the stock was $28.48 with an intraday high of $28.605. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.96. However, the stock managed to close at $28.42, a loss of 0.53% for the day. On the previous day, the stock had closed at $28.57. The total traded volume of the day was 808,700 shares.

Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in Asia Pacific, North America, Europe and South America. The Company operates three production facilities in New Zealand, which supply methanol primarily to customers in Asia Pacific. Its two plants in Trinidad, Titan and Atlas, supply methanol markets in North America, Europe, Asia Pacific and South America. Its Geismar 1 facility in Louisiana supplies to customers in the United States. The Company through a joint venture facility in Egypt, located on the Mediterranean Sea, supplies methanol markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile supplies to customers in South America.

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