Large Inflow of Money Detected in Granite Construction Incorporated

Granite Construction Incorporated (GVA) : The money flow analysis of Granite Construction Incorporated (GVA) indicates a $0.51 million of outflow was on downticks, whereas, the investors on Monday gobbled up stocks worth $1.02 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 2.01 and so was the total money flow at $0.51 million. The bulls lapped up $0 million worth of block trades on upticks. The money flow was $0 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Granite Construction Incorporated (GVA), pushing it down by -0.1% for the day. The stock slid $0.05 and traded at $49.28 during the day. Nonetheless, the stock is -3.05% over the previous weeks close.


Granite Construction Incorporated has dropped 1.34% in the last five trading days, however, the shares have posted positive gains of 0.1% in the last 4 weeks. Granite Construction Incorporated is up 16.57% in the last 3-month period. Year-to-Date the stock performance stands at 17.2%.

Granite Construction Incorporated (NYSE:GVA): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.39 and $49.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.99, notching a gain of 1.34% for the day. The total traded volume was 342,466 . The stock had closed at $49.33 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Kelsey David H, director of Granite Construction Inc, had unloaded 1,113 shares at an average price of $51.09 in a transaction dated on August 9, 2016. The total value of the transaction was worth $56,863.

Granite Construction Incorporated (Granite) is a heavy civil contractors and construction materials producer in the United States. The Company operates through segments, including Construction, Large Project Construction and Construction Materials. The Company operates across the nation, serving both public and private sector clients. Within the public sector, it concentrates on heavy-civil infrastructure projects, including the construction of streets, roads, highways, mass transit facilities, airport infrastructure, bridges, trenchless and underground utilities, power-related facilities, utilities, tunnels, dams and other infrastructure-related projects. Within the private sector, the Company offers site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, as well as provides construction management professional services.

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