Shares of Spirit Aerosystems Holdings (SPR) Sees Large Outflow of Money

Spirit Aerosystems Holdings (SPR) : Money flow in the Spirit Aerosystems Holdings (SPR) stock was negative (1.34 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $1.06 million, compared to $2.4 million on downticks. The total uptick to downtick ratio was 0.44, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.58 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.58 million, indicating persistent selling. Spirit Aerosystems Holdings (SPR) traded $0.37 higher at $44.09 gaining 0.85% over the previous days close.


Also, Deutsche Bank maintains its view on Spirit Aerosystems Holdings (NYSE:SPR) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank lowers the price target from $53 per share to $48 per share on Spirit Aerosystems Holdings . The rating by the firm was issued on July 11, 2016.

Spirit Aerosystems Holdings (NYSE:SPR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.81 and $43.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.16, notching a gain of 1.01% for the day. The total traded volume was 898,281 . The stock had closed at $43.72 on the previous day.

The stock has recorded a 20-day Moving Average of 2.4% and the 50-Day Moving Average is 1.79%. In a related news, Hawkins Duane F, Officer (Svp/Gm) of Spirit AeroSystems Holdings, Inc., unloaded 9,923 shares at an average price of $42.09 on June 27, 2016. The total amount of the transaction was worth $417,659, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Spirit AeroSystems Holdings, Inc. is an independent non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero structures. The Company operates in three segments: Fuselage Systems, Propulsion Systems and Wing Systems. Fuselage Systems segment develops, produces and markets forward, mid and rear fuselage sections and systems, primarily to aircraft OEMs, as well as related spares and maintenance, repair and overhaul support and services (MRO). The Propulsion Systems segment develops, produces and markets struts/pylons, nacelles (including thrust reversers) and related engine structural components primarily to aircraft or engine OEMs, as well as related spares and MRO services. The Wing Systems segment develops, produces and markets forward wings and wing components (including flight control surfaces), and other miscellaneous structural parts primarily to aircraft OEMs, as well as related spares and MRO services.

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