Potash Corporation of Saskatchewan (POT) : The total money flow in Potash Corporation of Saskatchewan (POT) was negative ($12.87 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $29.49 million. In comparison, the inflow of money into the stock on upticks was $16.62 million. The uptick to downtick ratio was 0.56. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $7.79 million. The value of transactions on uptick was $1.02 million. The negative money flow of ($6.77 million) confirms the selling in Potash Corporation of Saskatchewan (POT) on strength. The uptick to downtick ratio of block trades was 0.13. Potash Corporation of Saskatchewan (POT) gained $0.05 at $17.18, a gain of 0.29% over the previous days close. However, the stock registered -0.46% in the week.
Also, Citigroup maintains its rating on Potash Corporation of Saskatchewan (NYSE:POT). The global brokerage major lowers the current price target from $18 per share to $17 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on July 7, 2016.
Potash Corporation of Saskatchewan (NYSE:POT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.02 and $16.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.18, notching a gain of 0.29% for the day. The total traded volume was 8,512,415 . The stock had closed at $17.13 on the previous day.
The stock has recorded a 20-day Moving Average of 5.04% and the 50-Day Moving Average is 4.9%.
Potash Corporation of Saskatchewan Inc is a fertilizer company. The Company operates in three business segments: potash, nitrogen and phosphate. The Company owns and operates five potash operations in Saskatchewan and one in New Brunswick. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad. The Companys phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed and industrial acid, which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. The Company also has four phosphate feed plants in the United States and produce phosphoric acid at its Geismar, Louisiana facility.