Shares of Nortek (NTK) Sees Large Inflow of Net Money Flow

Nortek (NTK) stock had a bullish inflow of $0.13 million worth of trades on uptick and an outflow of $0.03 million in downticks on Tuesday. The total uptick to downtick ratio stood at 4.97. The net money flow into the stock was $0.1 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.1 million. $0.1 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Nortek (NTK) stock traded down $1.05 , and reached $86.2, a drop of -1.2% over the previous day. On a weekly basis, the stock is -1.2%, over the previous weeks close.


The company Insiders own 4.12% of Nortek shares according to the proxy statements. Institutional Investors own 97.4% of Nortek shares. During last six month period, the net percent change held by insiders has seen a change of -3.97%. In an insider trading activity,The officer (SVP, GC & Secretary) of Nortek Inc, Donnelly Kevin W sold 2,500 shares at $44.87 on March 11, 2016. The Insider selling transaction had a total value worth of $112,175. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Shares of Nortek Inc. rose by 38.73% in the last five trading days and 69.88% for the last 4 weeks. Nortek Inc. is up 81.93% in the last 3-month period. Year-to-Date the stock performance stands at 98.74%.

Nortek (NASDAQ:NTK): On Tuesdays trading session , Opening price of the stock was $87.36 with an intraday high of $87.37. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $86.2. However, the stock managed to close at $86.69, a loss of 0.64% for the day. On the previous day, the stock had closed at $87.25. The total traded volume of the day was 102,455 shares.

Nortek, Inc. (Nortek) is a diversified company delivering technology-driven products and solutions for lifestyle improvement at home and at work. The Companys segments include: the Air Quality and Home Solutions (AQH); the Security and Control Solutions (SCS); the Ergonomic and Productivity Solutions (ERG); the Residential and Commercial HVAC (RCH); the Custom and Commercial Air Solutions (CAS), and Audio, Video and Control Solutions segments (AVC). Through its segments, the Company manufactures and sells in the United States, Canada, and Europe, with additional manufacturing in China and Mexico, a variety of products for the remodeling and replacement markets, the residential and commercial new construction markets, and the personal and enterprise computer markets.

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