Large Inflow of Money Detected in Newmont Mining Corporation

Newmont Mining Corporation (NEM): $5.69 million was the positive money flow into the stock on Monday and the up/down ratio of ticks was also in favor of the bulls at 1.22. The value of trades done on upticks was $31.24 million, whereas, trades done on downticks were valued at $25.55 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $9.34 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $5.57 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 1.68 was strongly in favor of the bulls. The money flow in block trades was $3.78 million. Newmont Mining Corporation (NEM) fell $0.25 traded at $44.92, a change of -0.55% over the previous day. The stock is 1.1% for the week.


Shares of Newmont Mining Corporation rose by 0.6% in the last five trading days and 8.69% for the last 4 weeks. Newmont Mining Corporation is up 26.91% in the last 3-month period. Year-to-Date the stock performance stands at 150.11%.

Newmont Mining Corporation (NYSE:NEM): The stock opened at $45.16 on Monday but the bulls could not build on the opening and the stock topped out at $45.45 for the day. The stock traded down to $44.79 during the day, due to lack of any buying support eventually closed down at $44.92 with a loss of -0.55% for the day. The stock had closed at $45.17 on the previous day. The total traded volume was 3,575,691 shares.

In a related news,The officer (EVP, Human Resources) of Newmont Mining Corp /De/, Macgowan William N sold 8,135 shares at $44.95 on August 4, 2016. The Insider selling transaction had a total value worth of $365,668. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Newmont Mining Corporation (Newmont) is a global mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Suriname. The Companys business segments include North America, South America, Asia Pacific and Africa. The Companys North America segment consists primarily of Carlin, Phoenix, CC&V and Twin Creeks in the state of Nevada in the United States. The Companys South America segment consists primarily of Yanacocha in Peru. The Companys Asia Pacific segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia, and Batu Hijau in Indonesia. The Companys Africa segment consists primarily of Ahafo and Akyem in Ghana. The Companys product at its gold operations is dore bars. Dore is an alloy consisting primarily of gold, as well as silver and other metals.

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