Large Inflow of Money Detected in Honeywell International

Honeywell International (HON) : Mondays money flow data in Honeywell International (HON) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $38.19 million, whereas, $24.6 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.55, in favor of the bulls. The total money flow into the stock was $13.59 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $11.71 million. The total value of block trades done on upticks was $15.36 million. The value of bearish trades on downticks was only $3.65 million.The up/down ratio in the block trades was a healthy 4.21 in favor of the bulls, suggesting strong buying in the stock by large traders. Honeywell International (HON) fell $0.27 and traded at $116.1, down -0.23% for the day, over previous days close. On a weekly basis, the shares are -0.23% over the previous weeks close.


Shares of Honeywell International Inc. appreciated by 0.69% during the last five trading days but lost 2% on a 4-week basis. Honeywell International Inc. is up 2.27% in the last 3-month period. Year-to-Date the stock performance stands at 14.05%.

Honeywell International (NYSE:HON): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $116.50 and $116.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $117.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $116.84, notching a gain of 0.64% for the day. The total traded volume was 1,848,097 . The stock had closed at $116.10 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Honeywell International Inc, Deily Linnet F had sold 3,319 shares worth of $384,938 in a transaction dated August 4, 2016. In this transaction, 3,319 shares were sold at $115.98 per share.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company. The Company is engaged in serving customers across the world with aerospace products and services, turbochargers, control, sensing and security technologies for buildings, homes and industry, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. The Company operates in segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment is a supplier of aircraft engines, integrated avionics, systems and service solutions, and related products and services. ACS segment provides environmental and combustion controls, sensing controls, security and life safety products and services. Its PMT segment develops and manufactures advanced materials, process technologies and automation solutions.

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