Shares of United Technologies Corporation (UTX) Sees Large Inflow of Net Money Flow

United Technologies Corporation (UTX) : United Technologies Corporation (UTX) had a healthy money flow of $36.27 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $95.53 million, whereas, investors only sold shares worth $59.25 million on downticks. The stock closed the day with an up-down ratio of 1.61.The money flow in the block trades to the tune of $30.79 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $41.54 million worth of transactions were on upticks. A paltry $10.75 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 3.87. United Technologies Corporation (UTX) stock slid $0.72 intraday and traded at 105.13, a change of -0.68% over previous days close. However, for the week, the company shares are -0.35% compared to previous weeks close.


United Technologies Corporation (UTX) : 11 Wall Street analysts covering United Technologies Corporation (UTX) believe that the average level the stock could reach for the short term is $107.82. The maximum price target given is $118 and the minimum target for short term is around $74, hence the standard deviation is calculated at $12.49.

United Technologies Corporation (NYSE:UTX): On Fridays trading session , Opening price of the stock was $104.77 with an intraday high of $105.2. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $104.5. However, the stock managed to close at $105.13, a loss of 0.68% for the day. On the previous day, the stock had closed at $105.85. The total traded volume of the day was 3,513,913 shares.

In a related news, Gill Charles D, officer (Executive VP & General Counsel) of United Technologies Corp /De/, unloaded 8,958 shares at an average price of $102.04 on June 8, 2016. The total amount of the transaction was worth $914,074, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.

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