Shares of Northrop Grumman Corporation (NOC) Sees Large Outflow of Money

Northrop Grumman Corporation (NOC): The stock had negative money flow to the tune of ($1.63 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $13.58 million, whereas, the outflow of money on downticks was $15.21 million and the ratio between the two was 0.89. The block trade had a negative net money flow of ($0.1 million). On the other hand, downticks amounted to $0.1 million of the traded value, which shows distribution in the stock by traders. Northrop Grumman Corporation (NOC) closed with marginal gains of 23 cents to end the day at $221.78, an increase of 0.1% over the previous days close. The stock recorded 0.14% for the week.


Also, Major Brokerage house, RBC Capital downgrades its ratings on Northrop Grumman Corporation (NYSE:NOC). According to the latest information available, the shares are now rated Sector Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on May 19, 2016.

Northrop Grumman Corporation (NYSE:NOC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $222.25 and $221.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $223.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $222.55, notching a gain of 0.45% for the day. The total traded volume was 1,284,222 . The stock had closed at $221.55 on the previous day.

The stock has recorded a 20-day Moving Average of 1.54% and the 50-Day Moving Average is 2.85%. In a related news, Jones Christopher T, officer (Corp VP & Pres Tech Svcs) of Northrop Grumman Corp /De/, unloaded 240 shares at an average price of $222.5 on July 1, 2016. The total amount of the transaction was worth $53,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Northrop Grumman Corporation is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to government and commercial customers across the world. The Company operates through four segments: Aerospace Systems, Electronic Systems, Information Systems and Technical Services. It offers a portfolio of capabilities and technologies that enable it to deliver systems and solutions for applications. It participates in many high-priority defense and Government programs in the United States and abroad. The Company conducts business with the United States Government, the Department of Defense (DoD) and intelligence community. The Company also conducts business with local, state, and foreign Governments and domestic and international commercial customers.

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