Shares of Esterline Technologies Corporation (ESL) Sees Large Outflow of Money

Esterline Technologies Corporation (ESL) : The total negative money flow of $12.35 million on Monday indicates selling on strength. The inflow of money on upticks was $13.19 million, compared to $25.54 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.52. The negative money flow of $11.25 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $11.25 million. The price action in the Esterline Technologies Corporation (ESL) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $73.73 with a gain of $3.18 , a change of 4.51% over the previous days close. The stock registered 6.33% for the week.


Shares of Esterline Technologies Corp. rose by 7.27% in the last five trading days and 14.56% for the last 4 weeks. Esterline Technologies Corp. is up 10.71% in the last 3-month period. Year-to-Date the stock performance stands at -8.98%.

Esterline Technologies Corporation (NYSE:ESL): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.09 and $70.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.73, notching a gain of 4.51% for the day. The total traded volume was 775,728 . The stock had closed at $70.55 on the previous day.

In a related news, George Robert David, officer (VP,CFO, Corporate Development) of Esterline Technologies Corp, unloaded 20,800 shares at an average price of $67.07 on May 31, 2016. The total amount of the transaction was worth $1,395,056, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Esterline Technologies Corporation is a specialized manufacturing company. The Company designs, manufactures and markets engineered products and systems for application in the industries. The Company is focused on serving aerospace and defense customers. The Companys products are used in military and commercial aircraft, helicopters and land-based systems. Its products are used in the active and in-production United States military aircraft and Boeing commercial aircraft platform. In addition, its products are supplied to regional and business jet manufacturers, and aircraft engine manufacturers. The Company conducts its business in three segments: Avionics & Controls, Sensors & Systems and Advanced Materials.

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