Tenneco (TEN) stock had a bullish inflow of $7.96 million worth of trades on uptick and an outflow of $5.97 million in downticks on Friday. The total uptick to downtick ratio stood at 1.33. The net money flow into the stock was $1.99 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $2.2 million. An inflow of $0.53 million block trade was recorded on downticks. $2.73 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 5.17 in favor of the bulls. However, Tenneco (TEN) stock traded down $0.37 , and reached $53.43, a drop of -0.69% over the previous day. On a weekly basis, the stock is 6.73%, over the previous weeks close.
Tenneco (TEN) : The most positive equity analysts on Tenneco (TEN) expects the shares to touch $67, whereas, the least positive believes that the stock will trade at $41 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $60.09 with an expected fluctuation of $7.79 from the mean.
Tenneco (NYSE:TEN): On Fridays trading session , Opening price of the stock was $53.62 with an intraday high of $54.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $52.16. However, the stock managed to close at $53.43, a loss of 0.69% for the day. On the previous day, the stock had closed at $53.8. The total traded volume of the day was 561,145 shares.
In a related news, Sherrill Gregg M, director officer (Chairman & CEO) of Tenneco Inc, unloaded 51,609 shares at an average price of $54.22 on May 31, 2016. The total amount of the transaction was worth $2,798,240, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Tenneco Inc. (Tenneco) is a producer of clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications. The Company serves both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets, or aftermarket, across the world. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe, South America and India Clean Air; Europe, South America and India Ride Performance; Asia Pacific Clean Air, and Asia Pacific Ride Performance. The Companys various brands include Monroe, Rancho, Clevite Elastomers, Marzocchi, Axios, Kinetic, and Fric-Rot, Walker, XNOx, Fonos, DynoMax and Thrush clean air products. As a parts supplier, it produces individual component parts for vehicles, as well as groups of components that are combined as modules or systems within vehicles.