Shares of Orbital ATK (OA) Sees Large Outflow of Money

Orbital ATK (OA) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.32 million) in Orbital ATK (OA). On Tuesday, The value of composite uptick trades was $4.16 million, whereas, the value of composite downtick trades was $5.48 million and the ratio between the two was 0.76, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.1 million. The negative money flow of ($0 million) shows selling on strength. Orbital ATK (OA) gained $0.08 intraday at $76.12 and registrered 0.11% for the week.


Also, Equity analysts at the Brokerage firm Wells Fargo upgrades its rating on Orbital ATK (NYSE:OA). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on August 23, 2016.

Orbital ATK, Inc. has lost 0.07% in the last five trading days and dropped 13.72% in the last 4 weeks. Orbital ATK, Inc. has dropped 13.92% during the last 3-month period . Year-to-Date the stock performance stands at -14.35%.

Orbital ATK (NYSE:OA): The stock opened at $75.83 on Tuesday but the bulls could not build on the opening and the stock topped out at $76.46 for the day. The stock traded down to $75.72 during the day, due to lack of any buying support eventually closed down at $75.98 with a loss of -0.08% for the day. The stock had closed at $76.04 on the previous day. The total traded volume was 464,344 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior VP and General Counsel) of Orbital Atk, Inc., Mccabe Thomas E had sold 152 shares worth of $13,143 in a transaction dated August 3, 2016. In this transaction, 152 shares were sold at $86.47 per share.

Orbital ATK, Inc., formerly Alliant Techsystems Inc., is an aerospace and defense company. The Company designs, builds and delivers space, defense and aviation-related systems. The Company operates through three business segments: Flight Systems Group, which develops rockets that are used as small- and medium-class space launch vehicles; Defense Systems Group, which develops and produces military small- medium- and large-caliber ammunition, small-caliber commercial ammunition, propulsion systems, strike weapons, precision weapons and munitions, gun systems, aircraft survivability systems, fuzes and warheads, and special mission aircraft, and Space Systems Group, which develops and produces small- and medium-class satellites that are used to enable global and regional communications and broadcasting, conduct space-related scientific research, and perform other activities related to national security.

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