Greif Bros. Corporation (GEF) : The total negative money flow of $1.91 million on Tuesday indicates selling on strength. The inflow of money on upticks was $2.33 million, compared to $4.23 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.55. The negative money flow of $2.28 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 $2.28 million. The price action in the Greif Bros. Corporation (GEF) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $42.84 with a gain of $0.03 , a change of 0.07% over the previous days close. The stock registered 0.82% for the week.
Also, Equity Analysts at the BMO Capital downgrades the rating on Greif Bros. Corporation (NYSE:GEF). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on June 9, 2016.
Shares of Greif, Inc. rose by 2.82% in the last five trading days and 8.12% for the last 4 weeks. Greif, Inc. is up 18.8% in the last 3-month period. Year-to-Date the stock performance stands at 43.29%.
Greif Bros. Corporation (NYSE:GEF): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.81 and $42.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.00, notching a gain of 0.44% for the day. The total traded volume was 358,964 . The stock had closed at $42.81 on the previous day.
In a related news,The officer (Executive VP & General Counsel) of Greif Inc, Martz Gary R sold 3,500 shares at $37.8 on July 8, 2016. The Insider selling transaction had a total value worth of $132,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Greif, Inc. is a producer of industrial packaging products and services. The Companys products include steel, fiber and plastic drums, rigid intermediate bulk containers, closure systems, transit protection products, water bottles and reconditioned industrial containers, and offers services, such as container life cycle management, blending, filling, logistics, warehousing and other packaging services. The Company operates in four business segments: Rigid Industrial Packaging & Services; Flexible Products & Services; Paper Packaging, and Land Management. The Company sells its rigid industrial packaging products to customers in industries, such as chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agricultural, pharmaceutical and mineral, among others. The Company has manufacturing facilities located in over 50 countries.