Shares of Goldcorp (GG) Sees Large Outflow of Money

Goldcorp (GG) : Mondays money flow analysis of Goldcorp (GG) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $2.51 million. In comparison, the inflow of money on upticks was a meager $1.37 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.14 million. The uptick to downtick ratio of 0.55 in the money flow shows weakness. The downtick transaction value was high at $1.35 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($1.35 million). Goldcorp (GG) gained $0.03 at $18.91, a change of 0.13% over the previous days close.


Shares of Goldcorp Inc. appreciated by 6.68% during the last five trading days but lost 2.33% on a 4-week basis. Goldcorp Inc. is up 2.01% in the last 3-month period. Year-to-Date the stock performance stands at 63.86%.

Goldcorp (NYSE:GG): The stock opened at $18.91 on Monday but the bulls could not build on the opening and the stock topped out at $19.10 for the day. The stock traded down to $18.75 during the day, due to lack of any buying support eventually closed down at $18.84 with a loss of -0.21% for the day. The stock had closed at $18.88 on the previous day. The total traded volume was 3,966,874 shares.

Goldcorp Inc. (Goldcorp) is a gold producer engaged in the acquisition, exploration, development and operation of gold properties in Canada, the United States, Mexico and Central and South America. The Companys principal products are gold and the byproduct silver, copper, lead and zinc. Goldcorps operating assets include four mines in Canada, two mines in Mexico, and four in Central and South America.

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