Large Inflow of Money Detected in W.W. Grainger

W.W. Grainger (GWW) : Tuesdays money flow data in W.W. Grainger (GWW) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $19.65 million, whereas, $15.87 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.24, in favor of the bulls. The total money flow into the stock was $3.78 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0 million. The total value of block trades done on upticks was $0.1 million. W.W. Grainger (GWW) fell $0.22 and traded at $234.51, down -0.09% for the day, over previous days close. On a weekly basis, the shares are 0.8% over the previous weeks close.


Also, Macquarie initiates coverage on W.W. Grainger (NYSE:GWW). The shares have now been rated Outperform by the stock experts at the ratings house. The rating by the firm was issued on August 25, 2016.

Shares of W.W. Grainger, Inc. rose by 1.6% in the last five trading days and 8.08% for the last 4 weeks. W.W. Grainger, Inc. is up 3.35% in the last 3-month period. Year-to-Date the stock performance stands at 17.72%.

W.W. Grainger (NYSE:GWW): The stock opened at $234.77 on Tuesday but the bulls could not build on the opening and the stock topped out at $235.53 for the day. The stock traded down to $233.48 during the day, due to lack of any buying support eventually closed down at $234.49 with a loss of -0.10% for the day. The stock had closed at $234.73 on the previous day. The total traded volume was 343,682 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Sr. VP & Chief People Officer) of Grainger W W Inc, High Joseph C had sold 1,722 shares worth of $378,840 in a transaction dated July 26, 2016. In this transaction, 1,722 shares were sold at $220 per share.

W.W. Grainger, Inc. is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America. It operates in two segments: the United States and Canada. The United States business offers a selection of maintenance, repair and operating supplies and other related products and services. Acklands – Grainger is a distributor of industrial and safety supplies that distributes tools, fasteners, safety supplies, instruments, welding and shop equipment, among others. Other businesses include Zoro, the single channel online business in the United States, and operations in Europe, Asia and Latin America. The Company provides customers with a range of options for finding and purchasing products, utilizing sales representatives, contact centers, direct marketing materials, catalogs and e-commerce.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.