Shares of Illinois Tool Works (ITW) Sees Large Outflow of Money

Illinois Tool Works (ITW) : The total money flow in Illinois Tool Works (ITW) was negative ($2.56 million), which signals selling by the traders on Mondays session. They trimmed their holdings by selling the stock on downticks to the tune of $10.48 million. In comparison, the inflow of money into the stock on upticks was $7.92 million. The uptick to downtick ratio was 0.76. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.68 million. The negative money flow of ($1.68 million) confirms the selling in Illinois Tool Works (ITW) on strength. Illinois Tool Works (ITW) gained $0.69 at $119.58, a gain of 0.58% over the previous days close. However, the stock registered 2.35% in the week.


Shares of Illinois Tool Works Inc. rose by 1.55% in the last five trading days and 7.25% for the last 4 weeks. Illinois Tool Works Inc. is up 15% in the last 3-month period. Year-to-Date the stock performance stands at 30.13%.

Illinois Tool Works (NYSE:ITW): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $118.85 and $118.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $119.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $119.28, notching a gain of 0.33% for the day. The total traded volume was 967,574 . The stock had closed at $118.89 on the previous day.

In a related news,The director officer (Chairman & CEO) of Illinois Tool Works Inc, Santi Ernest Scott sold 74,077 shares at $114.24 on July 22, 2016. The Insider selling transaction had a total value worth of $8,462,556. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Companys operates in seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. These operations serve end markets as automotive original equipment manufacturers/tiers, automotive aftermarket, general industrial, commercial food equipment and construction. It produces components and fasteners for automotive-related applications; equipment, consumables and related software; commercial food equipment, adhesives, sealants, lubrication and cutting fluids; arc welding equipment, consumables and accessories; construction fastening systems and truss products, and beverage packaging equipment and consumables. The Company operates approximately 90 divisions in 57 countries.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.