Large Inflow of Money Detected in American Water Works

American Water Works (AWK) stock had a bullish inflow of $2.59 million worth of trades on uptick and an outflow of $1.45 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.78. The net money flow into the stock was $1.14 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 $1.02 million. $1.02 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, American Water Works (AWK) stock traded down $0.65 , and reached $74.78, a drop of -0.86% over the previous day. On a weekly basis, the stock is -0.03%, over the previous weeks close.


Also, Major Brokerage house, Bank of America downgrades its ratings on American Water Works (NYSE:AWK). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 6, 2016.

American Water Works Company, Inc. has lost 3.22% in the last five trading days and dropped 10.22% in the last 4 weeks. American Water Works Company, Inc. has dropped 1.15% during the last 3-month period . Year-to-Date the stock performance stands at 25.75%.

American Water Works (NYSE:AWK): The stock opened at $75.50 on Tuesday but the bulls could not build on the opening and the stock topped out at $75.81 for the day. The stock traded down to $73.94 during the day, due to lack of any buying support eventually closed down at $74.03 with a loss of -1.86% for the day. The stock had closed at $75.43 on the previous day. The total traded volume was 1,129,674 shares.

In a related news, The officer (EVP and COO), of American Water Works Company, Inc., Lynch Walter had unloaded 10,000 shares at $76 per share in a transaction on August 17, 2016. The total value of transaction was $760,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

American Water Works Company, Inc. is a water and wastewater utility holding company. Through its subsidiaries, the Company provides drinking water, wastewater and other water related services to approximately 15 million people in approximately 47 states of the United States and one Canadian province. The Company has two operating segments: the Regulated Businesses and the Market-Based Operations. The Regulated Businesses segment owns subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers. The Market-Based Operations segment provides water and wastewater services to military bases, municipalities, industrial, commercial and residential customers that are not subject to economic regulation by state Public Utility Commissions (PUC). The Companys subsidiaries include Illinois-American Water Company (ILAWC), American Lake Water Company and West Virginia-American Water Company (WVAWC).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.