Large Inflow of Money Detected in Cummins

Cummins (CMI) : Mondays money flow data in Cummins (CMI) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $28.8 million, whereas, $19.5 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.48, in favor of the bulls. The total money flow into the stock was $9.3 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $8.88 million. The total value of block trades done on upticks was $8.88 million. Cummins (CMI) fell $0.38 and traded at $126.73, down -0.3% for the day, over previous days close. On a weekly basis, the shares are 1.11% over the previous weeks close.


Shares of Cummins Inc. rose by 0.47% in the last five trading days and 6.72% for the last 4 weeks. Cummins Inc. is up 12.18% in the last 3-month period. Year-to-Date the stock performance stands at 47%.

Cummins (NYSE:CMI): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $126.91 and $126.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $127.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $127.01, notching a gain of 0.22% for the day. The total traded volume was 1,188,872 . The stock had closed at $126.73 on the previous day.

In a related news, The officer (VP – Corporate Strategy), of Cummins Inc, Ewald Thaddeus B had unloaded 820 shares at $126.95 per share in a transaction on August 11, 2016. The total value of transaction was $104,099. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Cummins Inc. is a global diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products, including filtration, after treatment, turbochargers, fuel systems, controls systems, air handling systems and electric power generation systems. It has four operating segments: Engine, Distribution, Components and Power Generation. The Company sells its products to original equipment manufacturers (OEMs), distributors and other customers. It serves its customers through a network of around 600 Company-owned and independent distributor locations and around 7,200 dealer locations in more than 190 countries. In addition, engines and engine components are manufactured by the Companys joint ventures or independent licensees at its manufacturing plants in the United States, China, India, South Korea, Mexico and Sweden. Its subsidiaries include Cummins India Ltd. and Wuxi Cummins Turbo Technologies Co. Ltd.

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