Large Inflow of Money Detected in Applied Materials

Applied Materials (AMAT) : Tuesdays money flow indicated an uptick to downtick ratio was at 1.61. The total value of inflow transactions on upticks was $69.58 million, whereas, the total value of outflow trades on downticks was $43.35 million. The total money flow was $26.23 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $23.28 million. The total value of the trades done on upticks was $31.74 million. Downticks saw transactions worth $8.46 million. The total uptick to downtick ratio stood at 3.75, mildly in favor of the bulls. Applied Materials (AMAT) was trading with a -0.2% change over previous days close. It fell $0.06 during the day and reached $29.99. The stock was 0.07% compared to the previous weeks close.


Also, Equity Analysts at the UBS maintains the rating on Applied Materials (NASDAQ:AMAT). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $28.5 per share to $35 per share. The rating by the firm was issued on August 19, 2016.

Shares of Applied Materials, Inc. rose by 0.13% in the last five trading days and 14.55% for the last 4 weeks. Applied Materials, Inc. is up 23.43% in the last 3-month period. Year-to-Date the stock performance stands at 62.77%.

Applied Materials (NASDAQ:AMAT): The stock opened at $30.19 on Tuesday but the bulls could not build on the opening and the stock topped out at $30.20 for the day. The stock traded down to $29.70 during the day, due to lack of any buying support eventually closed down at $29.99 with a loss of -0.20% for the day. The stock had closed at $30.05 on the previous day. The total traded volume was 12,069,319 shares.

In a related news, The Securities and Exchange Commission has divulged that Salehpour Ali, Officer (Sr. Vp, Gm New Mrkts & Service) of APPLIED MATERIALS INC /DE, had unloaded 35,505 shares at an average price of $24.07 in a transaction dated on June 23, 2016. The total value of the transaction was worth $854,605.

Applied Materials, Inc. (Applied) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries. Applied operates in four segments: Silicon Systems Group, Applied Global Services, Display, and Energy and Environmental Solutions. The Silicon Systems Group segment develops, manufactures and sells manufacturing equipment used to fabricate semiconductor chips. The Applied Global Services segment encompasses services, products and integrated solutions to optimize equipment and fab performance and productivity. The Display Segment includes products for manufacturing liquid crystal displays, organic light-emitting diodes and other display technologies for televisions, personal computers, tablets, smartphones and other devices. The Energy and Environmental Solutions segment includes systems for manufacturing wafer-based crystalline silicon cells and modules.

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