Shares of PPG Industries (PPG) Sees Large Inflow of Net Money Flow

PPG Industries (PPG) : The money flow analysis of PPG Industries (PPG) indicates a $28.15 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $52.53 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.87 and so was the total money flow at $24.38 million. A solid up-down ratio of 4.95 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $29.42 million worth of block trades on upticks. Only $5.95 million worth of the stock exchanged hands on downticks. The money flow was $23.47 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of PPG Industries (PPG), pushing it down by -0.87% for the day. The stock slid $0.94 and traded at $107.65 during the day. Nonetheless, the stock is -1.48% over the previous weeks close.


PPG Industries (PPG) : Average target price received by PPG Industries (PPG) is $123.07 with an expected standard deviation of $5.38. The most aggressive target on the stock is $130, whereas the most downbeat target is $110. 14 financial analysts are currently covering the stock.

PPG Industries (NYSE:PPG): On Fridays trading session , Opening price of the stock was $108.59 with an intraday high of $108.59. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $107.305. However, the stock managed to close at $107.65, a loss of 0.87% for the day. On the previous day, the stock had closed at $108.59. The total traded volume of the day was 1,708,845 shares.

In a related news, The Securities and Exchange Commission has divulged that Bunch Charles E, director officer (Executive Chairman of Board) of Ppg Industries Inc, had unloaded 46,286 shares at an average price of $98.17 in a transaction dated on February 26, 2016. The total value of the transaction was worth $4,543,897.

PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, architectural coatings-Americas and Asia Pacific, architectural coatings-EMEA, and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings, industrial coatings, packaging coatings, and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.

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