Shares of MKS Instruments (MKSI) Sees Large Outflow of Money

MKS Instruments (MKSI) : Money flow in the MKS Instruments (MKSI) stock was negative (0.38 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $0.23 million, compared to $0.61 million on downticks. The total uptick to downtick ratio was 0.38, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.47 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0.47 million, indicating persistent selling. MKS Instruments (MKSI) traded $0.19 higher at $46.57 gaining 0.41% over the previous days close.


MKS Instruments (NASDAQ:MKSI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.62 and $46.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.12, notching a gain of 1.60% for the day. The total traded volume was 336,666 . The stock had closed at $46.38 on the previous day.

The stock has recorded a 20-day Moving Average of 8.83% and the 50-Day Moving Average is 15.06%. In a related news, The Securities and Exchange Commission has divulged that Hanley Peter, director of Mks Instruments Inc, had unloaded 2,000 shares at an average price of $41.29 in a transaction dated on June 10, 2016. The total value of the transaction was worth $82,580.

MKS Instruments, Inc. (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates in four segments: Advanced Manufacturing Capital Equipment; Analytical Solutions Group; Europe Region Sales & Service, and Asia Region Sales & Service. The Advanced Manufacturing Capital Equipment segment includes the development, manufacture, sales and servicing of instruments and control products, power and reactive gas products, materials delivery products and vacuum products. The Analytical Solutions Group includes gas composition analysis, information technology products and custom fabrication services. The Europe and Asia region sales and service segments resell and service the Advanced Manufacturing Capital Equipment and Analytical Solutions Group products sold into their respective regions.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.