Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) Sees Large Outflow of Money

Embraer-Empresa Brasileira de Aeronautica (ERJ): The stock had negative money flow to the tune of ($3.38 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $1.41 million, whereas, the outflow of money on downticks was $4.79 million and the ratio between the two was 0.3. The block trade had a negative net money flow of ($3.34 million). On the other hand, downticks amounted to $3.34 million of the traded value, which shows distribution in the stock by traders. Embraer-Empresa Brasileira de Aeronautica (ERJ) closed with marginal gains of 6 cents to end the day at $17.63, an increase of 0.34% over the previous days close. The stock recorded 2.2% for the week.


Also, Equity Analysts at the Brokerage Firm, HSBC, downgrades their rating on the shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ). HSBC has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 1, 2016.

Shares of Embraer S.A. rose by 0.92% in the last five trading days and 1.38% for the last 4 weeks. Embraer S.A. has dropped 15.01% during the last 3-month period . Year-to-Date the stock performance stands at -40.08%.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.56 and $17.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.63, notching a gain of 0.34% for the day. The total traded volume was 866,805 . The stock had closed at $17.57 on the previous day.

Embraer S.A. (Embraer) produces aircraft for commercial and executive aviation, and for defense and security purposes. The Company operates through four segments: Commercial aviation business, Defense and security business, Executive Jets business and Other. The Commercial Aviation business involves the development, production and sale of commercial jets, and rendering of support services. The Defense and security business operations mainly involve research, development, production, modification and support for military defense and security aircraft, as well as a range of products and integrated solutions. The Executive Aviation market operations are constituted by development, production and sale of executive jets, as well as by providing support services and aircraft operational leasing. The Other segment supplies structural parts and mechanical and hydraulic systems, and produces agricultural crop-spraying aircraft.

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