MGP Ingredients (MGPI) : The total money flow in MGP Ingredients (MGPI) was negative ($0.72 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $1.05 million. In comparison, the inflow of money into the stock on upticks was $0.34 million. The uptick to downtick ratio was 0.32. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $0.68 million. The negative money flow of ($0.68 million) confirms the selling in MGP Ingredients (MGPI) on strength. MGP Ingredients (MGPI) gained $0.15 at $40.4, a gain of 0.37% over the previous days close. However, the stock registered 4.07% in the week.
Shares of MGP Ingredients Inc. appreciated by 10.22% during the last five trading days but lost 5.71% on a 4-week basis. MGP Ingredients Inc. is up 18.11% in the last 3-month period. Year-to-Date the stock performance stands at 55.67%.
MGP Ingredients (NASDAQ:MGPI): The stock opened at $40.16 on Tuesday but the bulls could not build on the opening and the stock topped out at $40.50 for the day. The stock traded down to $39.87 during the day, due to lack of any buying support eventually closed down at $40.23 with a loss of -0.05% for the day. The stock had closed at $40.25 on the previous day. The total traded volume was 247,181 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Mgp Ingredients Inc, Bridendall John P, had purchased 5,000 shares in a transaction dated on March 14, 2016. The transaction was executed at $21.95 per share with total amount equaling $109,750.
MGP Ingredients, Inc. is a holding company with no operations of its own. The Companys principal directly-owned operating subsidiaries are MGPI Processing, Inc. and MGPI of Indiana, LLC (MGPI-I). The Company through its subsidiaries produces distillery and ingredient products, which are derived from corn, rye and barley, and wheat flour, primarily to serve the packaged goods industry. The Company had two segments: distillery products and ingredient solutions. The distillery products segment consists of food grade alcohol, along with fuel grade alcohol, distillers feed and corn oil, which are co-products of its distillery operations. Ingredient solutions segment consist of specialty starches and proteins, commodity starch, and vital wheat gluten (commodity protein).