PACCAR (PCAR) : On Friday, The money flowed into the PACCAR (PCAR) stock with an uptick to downtick ratio was recorded at 1.22. Transactions worth $7.71 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $6.34 million. The total money flow into the stock was $1.37 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $1.51 million of block transactions on upticks. The total money flow in block trades was $1.51 million. In terms of price action, PACCAR (PCAR) traded down $0.09 during the session at $54.62. Compared to the previous days closing, the stock was down only by -0.16%. For the week, the stock is 1.51%, over previous weeks closing.
PACCAR (PCAR) : The highest level PACCAR (PCAR) is projected to reach is $65 for the short term and the lowest estimate is at $30. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $52.5 and the possibility the share price can swing is $9.26.
PACCAR (NASDAQ:PCAR): stock turned positive on Friday. Though the stock opened at $54.98, the bulls momentum made the stock top out at $55.05 level for the day. The stock recorded a low of $54.09 and closed the trading day at $55, in the green by 0.53%. The total traded volume for the day was 1,655,443. The stock had closed at $54.71 in the previous days trading.
In a related news, Christensen Robert J., CFO of Paccar Inc had purchased 849 shares on May 4, 2016 in a transaction. The price per share was $55.51 and the total amount of the disclosed transaction was $47,128.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
PACCAR Inc is a company operating in three principal industry segments: the Truck segment, includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, includes finance and leasing products and services provided to customers and dealers in the United States, Canada, Mexico, Europe and Australia. The Company also operates in Australia and Brazil, and sells trucks and parts to customers in Asia, Africa, Middle East and South America. The Companys trucks are marketed under the Kenworth, Peterbilt and DAF nameplates. It also manufactures industrial winches in two plants in the United States.