Shares of Air Products and Chemicals (APD) Sees Large Outflow of Money

Air Products and Chemicals (APD) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($10.58 million) and the uptick to downtick ratio was 0.75. The transaction value on upticks was $32.12 million and on downticks, the transaction value was $42.69 million. In block trades, the transaction value of inflow done during uptick was $1.73 million. The transaction value of block trades during downticks was $12.43 million. The uptick to downtick block trade ratio was 0.14. The money flow was negative ($10.71 million), indicating the traders were booking profit on the price strength. Air Products and Chemicals (APD) rose $0.76 at $156.65, during intraday Tuesday , a rise of 0.49% over the previous days close.


Also, Brokerage firm JP Morgan upgrades its rating on Air Products and Chemicals (NYSE:APD). As per the latest information, the brokerage house raises the price target to $160 per share from a prior target of $140. The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 12, 2016.

Shares of Air Products and Chemicals, Inc. rose by 0.78% in the last five trading days and 5.03% for the last 4 weeks. Air Products and Chemicals, Inc. is up 9.47% in the last 3-month period. Year-to-Date the stock performance stands at 21.88%.

Air Products and Chemicals (NYSE:APD): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $155.74 and $155.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $157.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $156.65, notching a gain of 0.49% for the day. The total traded volume was 1,137,387 . The stock had closed at $155.89 on the previous day.

In a related news,The officer (Principal Accounting Officer) of Air Products & Chemicals Inc /De/, Flugel Russell A sold 2,050 shares at $151.53 on August 15, 2016. The Insider selling transaction had a total value worth of $310,637. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Air Products and Chemicals, Inc. (Air Products) serves energy, electronics, chemicals, steel, and manufacturing customers with a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. The Company operates in four business segments: Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy. Merchant Gases sells atmospheric gases, such as oxygen, nitrogen, and argon, process gases, medical and specialty gases, and certain services and equipment. Tonnage Gases provides hydrogen, carbon monoxide, nitrogen, oxygen, and synthesis gas. Electronics and Performance Materials provide the electronics industry with specialty gases. Equipment and Energy designs and manufactures cryogenic equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction (LNG), and helium distribution.

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