Large Inflow of Money Detected in MSC Industrial Direct Company

MSC Industrial Direct Company (MSM) : Investors lapped up stocks on upticks to the tune of $6.19 million in the Mondays trading session. The trading value on downticks was comparatively at $5.28 million and the uptick to downtick ratio of 1.17 indicates continuous buying by the bulls. The net money flow into the stock was $0.91 million. Upticks saw transactions worth $1.07 clearly indicating buying by large investors. The total money flow for block trades stood at $1.07 million, which is a positive for the stock in the long-term. MSC Industrial Direct Company (MSM) fell $0.02 during the day at $73.48, a drop of -0.03% over the previous days close. However, for the week, the stock is 0.86%, compared to the previous week.


Shares of MSC Industrial Direct Co. Inc. rose by 1.72% in the last five trading days and 1.11% for the last 4 weeks. MSC Industrial Direct Co. Inc. has dropped 0.14% during the last 3-month period . Year-to-Date the stock performance stands at 33.66%.

MSC Industrial Direct Company (NYSE:MSM): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.78 and $73.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.81, notching a gain of 0.42% for the day. The total traded volume was 608,001 . The stock had closed at $73.50 on the previous day.

In a related news, The director officer (Executive Vice Chairman), of Msc Industrial Direct Co Inc, Sandler David had unloaded 1,500 shares at $74.5 per share in a transaction on May 17, 2016. The total value of transaction was $111,750. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

MSC Industrial Direct Co., Inc. (MSC) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States. The Company operates primarily in the United States, with customers in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico). Its products represent a range of MRO products that include cutting tools; measuring instruments; tooling components; metalworking products; fasteners; flat stock; raw materials; abrasives; machinery hand and power tools; safety and janitorial supplies; plumbing supplies; materials handling products; power transmission components and electrical supplies.

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