Domtar Corporation (UFS) : The total money flow in Domtar Corporation (UFS) was negative ($0.64 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $1.47 million. Transactions on upticks were comparatively lower at $0.83 million. The uptick to downtick ratio was 0.57. The total block trades on downticks were valued at $0.84 million. The money flow during block trades was negative ($0.84 million) when the stock traded with a gain of $8 cent. Domtar Corporation (UFS) was $37.68, an increase of 0.21% over the previous days close.
Also, Citigroup maintains its rating on Domtar Corporation (NYSE:UFS). The global brokerage major raises the current price target from $37 per share to $41 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on August 2, 2016.
Domtar Corporation has lost 0.27% in the last five trading days and dropped 3.96% in the last 4 weeks. Domtar Corporation has dropped 1.13% during the last 3-month period . Year-to-Date the stock performance stands at 4.12%.
Domtar Corporation (NYSE:UFS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.68 and $37.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.62, notching a gain of 0.05% for the day. The total traded volume was 408,941 . The stock had closed at $37.60 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President and CEO) of Domtar Corp, Williams John David had sold 21,977 shares worth of $827,434 in a transaction dated May 16, 2016. In this transaction, 21,977 shares were sold at $37.65 per share.
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company operates in two business segments: Pulp and Paper and Personal Care. The Companys Pulp and Paper segment is engaged in the design, manufacturing, marketing and distribution of communication papers, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp. The Companys Personal Care segment is involved in the manufacturing, marketing and distribution of absorbent hygiene products. The Company is an integrated marketer and manufacturer of uncoated freesheet paper in North America for a range of customers, including merchants, retail outlets, stationers, printers, publishers, converters and end-users. It is also a marketer and producer of a broad line of incontinence care products.