Internationa Flavors & Fragrances (IFF) : The total money flow in Internationa Flavors & Fragrances (IFF) was negative ($2.73 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $4.76 million. Transactions on upticks were comparatively lower at $2.03 million. The uptick to downtick ratio was 0.43. The total block trades on downticks were valued at $2.2 million. The money flow during block trades was negative ($2.2 million) when the stock traded with a gain of $63 cent. Internationa Flavors & Fragrances (IFF) was $138.08, an increase of 0.45% over the previous days close.
Also, Argus Research maintains its view on Internationa Flavors & Fragrances (NYSE:IFF) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Argus Research raises the price target from $146 per share to $156 per share on Internationa Flavors & Fragrances . The rating by the firm was issued on August 16, 2016.
Shares of International Flavors & Fragrances Inc. rose by 0.26% in the last five trading days and 3.79% for the last 4 weeks. International Flavors & Fragrances Inc. is up 7.87% in the last 3-month period. Year-to-Date the stock performance stands at 16.8%.
Internationa Flavors & Fragrances (NYSE:IFF): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $137.85 and $137.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $139.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $138.45, notching a gain of 0.73% for the day. The total traded volume was 417,499 . The stock had closed at $137.45 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Mirzayantz Nicolas, officer (Group President Fragrance) of International Flavors & Fragrances Inc, had unloaded 3,881 shares at an average price of $135.84 in a transaction dated on August 16, 2016. The total value of the transaction was worth $527,195.
International Flavors & Fragrances Inc. (IFF) creates, manufactures and supplies flavors and fragrances for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The company operates in two segments: Flavors and Fragrances. Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products. Fragrances segment offers fragrance compounds, including fine and fragrance ingredients. The Companys products are sold principally to manufacturers of perfumes and cosmetics, hair and other personal care products, soaps and detergents, cleaning products, dairy, meat and other processed foods, beverages, snacks and savory foods, sweet and baked goods, and pharmaceutical and oral care products.