Neenah Paper (NP) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.21 million) and the uptick to downtick ratio was 0.63. The transaction value on upticks was $2.1 million and on downticks, the transaction value was $3.31 million. The transaction value of block trades during downticks was $1.75 million. The money flow was negative ($1.75 million), indicating the traders were booking profit on the price strength. Neenah Paper (NP) rose $1.52 at $80.17, during intraday Tuesday , a rise of 1.93% over the previous days close.
Also, DA Davidson downgrades their rating on the shares of Neenah Paper (NYSE:NP). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 5, 2016.
Shares of Neenah Paper, Inc. rose by 3.92% in the last five trading days and 4.64% for the last 4 weeks. Neenah Paper, Inc. is up 15.09% in the last 3-month period. Year-to-Date the stock performance stands at 29.89%.
Neenah Paper (NYSE:NP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.47 and $78.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.87, notching a gain of 1.55% for the day. The total traded volume was 238,824 . The stock had closed at $78.65 on the previous day.
In a related news, The officer (SVP, President FP&P.), of Neenah Paper Inc, Schertell Julie had unloaded 1,400 shares at $76 per share in a transaction on August 10, 2016. The total value of transaction was $106,400. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Neenah Paper, Inc. (Neenah) has two primary businesses: technical products business, and fine paper and packaging business. The Companys technical products business is engaged in the production of filter media for transportation, water and other markets, and saturated and coated substrates for industrial products backings and a variety of other end markets. The technical products brands include JET-PRO SofStretch, KIMDURA, MUNISING LP, PREVAIL, NEENAH, GESSNER and varieties. The Companys fine paper and packaging business supplies printing, packaging and other specialty papers in North America. The fine paper and packaging brands include CLASSIC, ENVIRONMENT, CAPITOL BOND, ROYAL SUNDANCE, SOUTHWORTH, CLASSIC CREST, ESSE, ASTROBRIGHTS and EXACT BRIGHTS. In addition, the Company also operates other segment, which includes the Index, Tag and Vellum Bristol product lines.