Reynolds American Inc (RAI) : The money flow analysis of Reynolds American Inc (RAI) indicates a $24.16 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $51.61 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 2.14 and so was the total money flow at $27.45 million. A solid up-down ratio of 15.47 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $32.6 million worth of block trades on upticks. Only $2.11 million worth of the stock exchanged hands on downticks. The money flow was $30.49 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 Reynolds American Inc (RAI), pushing it down by -0.98% for the day. The stock slid $0.49 and traded at $49.53 during the day. Nonetheless, the stock is -0.68% over the previous weeks close.
Also, UBS initiates coverage on Reynolds American Inc (NYSE:RAI) . Analysts at the UBS have a current rating of Neutral on the shares. The rating by the firm was issued on August 25, 2016.
Reynolds American Inc. has lost 2.54% in the last five trading days and dropped 0.62% in the last 4 weeks. Reynolds American Inc. has dropped 0.16% during the last 3-month period . Year-to-Date the stock performance stands at 9.1%.
Reynolds American Inc (NYSE:RAI): The stock opened at $49.95 on Tuesday but the bulls could not build on the opening and the stock topped out at $50.15 for the day. The stock traded down to $49.35 during the day, due to lack of any buying support eventually closed down at $49.53 with a loss of -0.98% for the day. The stock had closed at $50.02 on the previous day. The total traded volume was 3,326,435 shares.
In a related news, The director officer (President and CEO), of Reynolds American Inc, Cameron Susan M. had unloaded 105,766 shares at $49.88 per share in a transaction on May 9, 2016. The total value of transaction was $5,275,608. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco, American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The American Snuff segment consists of the primary operations of American Snuff Co. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company Inc. (SFNTC). The Companys wholly owned subsidiaries include R. J. Reynolds Tobacco Company, American Snuff Company, LLC (American Snuff Co.), Lorillard, Inc., Santa Fe Natural Tobacco Company, Inc. (SFNTC), R. J. Reynolds Vapor Company (RJR Vapor), Niconovum USA, Inc. and Niconovum AB.