Large Inflow of Money Detected in Smith (A.O.) Corporation

Smith (A.O.) Corporation (AOS) : On Tuesday, The money flowed into the Smith (A.O.) Corporation (AOS) stock with an uptick to downtick ratio was recorded at 2.15. Transactions worth $11.83 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $5.51 million. The total money flow into the stock was $6.32 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $7.03 million of block transactions on upticks. The total money flow in block trades was $7.03 million. In terms of price action, Smith (A.O.) Corporation (AOS) traded down $0.22 during the session at $96.41. Compared to the previous days closing, the stock was down only by -0.23%. For the week, the stock is 1.14%, over previous weeks closing.


Also, In the latest statement by the brokerage house, SunTrust Robinson Humphrey maintains its outlook on Smith (A.O.) Corporation (NYSE:AOS). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $90 per share to $103 per share. The rating by the firm was issued on July 14, 2016.

Shares of AO Smith Corp. rose by 1.1% in the last five trading days and 4.35% for the last 4 weeks. AO Smith Corp. is up 17.7% in the last 3-month period. Year-to-Date the stock performance stands at 27.56%.

Smith (A.O.) Corporation (NYSE:AOS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $96.71 and $96.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $96.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $96.84, notching a gain of 0.22% for the day. The total traded volume was 498,178 . The stock had closed at $96.63 on the previous day.

In a related news, The director, of Smith A O Corp, Smith Mark D had unloaded 1,146 shares at $93.76 per share in a transaction on July 28, 2016. The total value of transaction was $107,449. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. Both segments manufacture and market a range of residential gas, gas tankless and electric water heaters and commercial water heating equipment. The North America segment manufactures and markets specialty commercial water heating equipment, condensing and non-condensing boilers, and water systems tanks. The Company serves residential and commercial end markets in North America with a range of products, including water heaters, boilers and others. The Rest of World segment manufactures and markets water treatment products, primarily in Asia. The Rest of World segment includes China, Europe and India. The Company supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.

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