TE Connectivity Ltd. (TEL) : Investors lapped up stocks on upticks to the tune of $19.28 million in the Tuesdays trading session. The trading value on downticks was comparatively at $12.22 million and the uptick to downtick ratio of 1.58 indicates continuous buying by the bulls. The net money flow into the stock was $7.06 million. The block trades were dominated by the bulls with a healthy 3.34, uptick to downtick ratio. Only $3.57 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $11.94 clearly indicating buying by large investors. The total money flow for block trades stood at $8.37 million, which is a positive for the stock in the long-term. TE Connectivity Ltd. (TEL) fell $0.05 during the day at $63.36, a drop of -0.07% over the previous days close. However, for the week, the stock is -0.29%, compared to the previous week.
Shares of TE Connectivity Ltd. rose by 0.25% in the last five trading days and 5.52% for the last 4 weeks. TE Connectivity Ltd. is up 6.43% in the last 3-month period. Year-to-Date the stock performance stands at -1.81%.
TE Connectivity Ltd. (NYSE:TEL): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.49 and $63.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.44, notching a gain of 0.06% for the day. The total traded volume was 1,713,255 . The stock had closed at $63.40 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Shaddock Robert N, officer (EVP & Chief Technology Officer) of Te Connectivity Ltd., had unloaded 11,800 shares at an average price of $61.25 in a transaction dated on August 15, 2016. The total value of the transaction was worth $722,750.
TE Connectivity Ltd. (TE Connectivity) is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates its business through three segments: Transportation Solutions, which offers various products, including terminals and connector systems and components, relays, circuit protection devices, sensors, and application tooling, among others; Industrial Solutions, which include terminals and connector systems and components, heat shrink tubing, relays, wire and cable, and Communications Solutions, which include terminals and connector systems and components, circuit protection devices, antennas, relays and heat shrink tubing. It markets its products to manufacturers and distributors in a number of markets, which include automotive, industrial equipment and consumer devices.