Baker Hughes Incorporated (BHI) : The total money flow in Baker Hughes Incorporated (BHI) was negative ($28.57 million), which signals selling by the traders on Mondays session. They trimmed their holdings by selling the stock on downticks to the tune of $62.02 million. In comparison, the inflow of money into the stock on upticks was $33.45 million. The uptick to downtick ratio was 0.54. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $30.63 million. The value of transactions on uptick was $0.16 million. The negative money flow of ($30.47 million) confirms the selling in Baker Hughes Incorporated (BHI) on strength. The uptick to downtick ratio of block trades was 0.01. Baker Hughes Incorporated (BHI) gained $1.15 at $49.76, a gain of 2.37% over the previous days close. However, the stock registered 5.74% in the week.
Shares of Baker Hughes Incorporated rose by 5.52% in the last five trading days and 10.68% for the last 4 weeks. Baker Hughes Incorporated is up 11.19% in the last 3-month period. Year-to-Date the stock performance stands at 10.97%.
Baker Hughes Incorporated (NYSE:BHI): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.00 and $49.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.64, notching a gain of 1.77% for the day. The total traded volume was 2,398,870 . The stock had closed at $49.76 on the previous day.
In a related news, Crain Alan R Jr, officer (SVP, Chief Legal/Gov Ofcr) of Baker Hughes Inc, unloaded 1,226 shares at an average price of $48 on August 8, 2016. The total amount of the transaction was worth $58,848, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals, and process and pipeline services. It conducts its operations through subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Companys Integrated Operations is focused on the execution of projects that have attributes, such as project management, well site supervision, well construction, intervention, third-party contractor management, procurement and rig management.