Shares of Applied Materials (AMAT) Sees Large Outflow of Money

Applied Materials (AMAT) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (4.87 million) in Applied Materials (AMAT). On Monday, The value of composite uptick trades was $30.75 million, whereas, the value of composite downtick trades was $35.62 million and the ratio between the two was 0.86, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $6.17 million. $9.06 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 1.47. The negative money flow of ($2.89 million) shows selling on strength. Applied Materials (AMAT) gained $0.36 intraday at $27.18 and registrered 1.34% for the week.


Shares of Applied Materials, Inc. rose by 2.39% in the last five trading days and 4.29% for the last 4 weeks. Applied Materials, Inc. is up 38.99% in the last 3-month period. Year-to-Date the stock performance stands at 48.58%.

Applied Materials (NASDAQ:AMAT): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.40 and $27.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.47, notching a gain of 1.07% for the day. The total traded volume was 10,768,461 . The stock had closed at $27.18 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Salehpour Ali, Officer (Sr. Vp, Gm New Mrkts & Service) of APPLIED MATERIALS INC /DE, had unloaded 35,505 shares at an average price of $24.07 in a transaction dated on June 23, 2016. The total value of the transaction was worth $854,605.

Applied Materials, Inc. (Applied) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries. Applied operates in four segments: Silicon Systems Group, Applied Global Services, Display, and Energy and Environmental Solutions. The Silicon Systems Group segment develops, manufactures and sells manufacturing equipment used to fabricate semiconductor chips. The Applied Global Services segment encompasses services, products and integrated solutions to optimize equipment and fab performance and productivity. The Display Segment includes products for manufacturing liquid crystal displays, organic light-emitting diodes and other display technologies for televisions, personal computers, tablets, smartphones and other devices. The Energy and Environmental Solutions segment includes systems for manufacturing wafer-based crystalline silicon cells and modules.

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