Shares of Tenaris S.A. (TS) Sees Large Inflow of Net Money Flow

Tenaris S.A. (TS) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $7.64 million worth of transactions were on upticks, whereas, the downticks accounted for $5.44 million worth of transactions. The net money flow was a positive $2.2 million and the uptick to downtick ratio was 1.41. The net money flow into the stock was $-0.4 million. The value of block trades done on downticks was only $0.4 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Tenaris S.A. (TS) was trading at $27.01, down $0.07 during day. The stock slid -0.26% over the previous days close. For the week, the stock recorded -5.49% over the previous weeks close.


Tenaris S.A. (TS) : The highest short term price target forecast on Tenaris S.A. (TS) is $34 and the lowest target price is $21. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $26.5 with a standard deviation of $5.09.

Tenaris S.A. (NYSE:TS): On Fridays trading session , Opening price of the stock was $27.12 with an intraday high of $27.15. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $26.785. However, the stock managed to close at $27.01, a loss of 0.26% for the day. On the previous day, the stock had closed at $27.08. The total traded volume of the day was 1,879,498 shares.

Tenaris S.A is a holding company, which is engaged in the steel pipe manufacturing and distribution businesses. The Company produces and sells both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. It operates in geographical areas, which include North America, South America, Europe, Middle East, Africa, and Far East and Oceania. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. It also manufactures sucker rods used in oil extraction activities, industrial equipment of various specifications and applications, including liquid and gas storage equipment, and welded steel pipes for electric conduits used in the construction industry.

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