Shares of Trinity Industries (TRN) Sees Large Outflow of Money

Trinity Industries (TRN) : The total money flow in Trinity Industries (TRN) was negative ($13.32 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $24.52 million. Transactions on upticks were comparatively lower at $11.2 million. The uptick to downtick ratio was 0.46. The total block trades done on upticks were valued at $2.55 million. The total block trades on downticks were valued at $16.13 million. The uptick to the downtick ratio of block trades was 0.16. The money flow during block trades was negative ($13.58 million) when the stock traded with a gain of $22 cent. Trinity Industries (TRN) was $21.08, an increase of 1.05% over the previous days close.


Also, Equity analysts at the Brokerage firm Stifel Nicolaus downgrades its rating on Trinity Industries (NYSE:TRN). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 19, 2016.

Trinity Industries (NYSE:TRN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.80 and $20.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.08, notching a gain of 1.05% for the day. The total traded volume was 4,230,278 . The stock had closed at $20.86 on the previous day.

The stock has recorded a 20-day Moving Average of 8.87% and the 50-Day Moving Average is 14.4%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Trinity Industries Inc, Menzies D Stephen had sold 101,296 shares worth of $2,781,588 in a transaction dated November 2, 2015. In this transaction, 101,296 shares were sold at $27.46 per share.

Trinity Industries, Inc. is a diversified industrial company that owns businesses providing products and services to the energy, transportation, chemical and construction sectors. The Companys products and services include railcars and railcar parts, the leasing, management, and maintenance of railcars, inland barges, highway products, aggregates, storage and distribution containers, structural wind towers, electric utility structures and parts and steel components. The Company operates under the following segments: the Rail Group, Construction Products Group, Inland Barge Group, Energy Equipment Group, Railcar Leasing and Management Services Group, and All Other. The Company caters to concrete producers, which include commercial, residential, highway contractors, manufacturers of masonry products, and state and local municipalities. It also caters to commercial marine transportation companies, wind turbine producers, dealers and industrial users.

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