Shares of Sherwin-Williams Company (The) (SHW) Sees Large Outflow of Money

Sherwin-Williams Company (The) (SHW): The stock had negative money flow to the tune of ($3.87 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $46.46 million, whereas, the outflow of money on downticks was $50.33 million and the ratio between the two was 0.92. The block trade had a negative net money flow of ($0 million). On the other hand, downticks amounted to $0.1 million of the traded value, which shows distribution in the stock by traders. Sherwin-Williams Company (The) (SHW) closed with marginal gains of 3 cents to end the day at $286.71, an increase of 0.01% over the previous days close. The stock recorded 0.31% for the week.


Also, CLSA upgrades its rating on Sherwin-Williams Company (The) (NYSE:SHW). Analysts at the CLSA have a current rating of Buy on the shares. The shares were previously rated Outperform. The rating by the firm was issued on July 22, 2016.

The Sherwin-Williams Company has lost 1.52% in the last five trading days and dropped 3.3% in the last 4 weeks. The Sherwin-Williams Company has dropped 1.3% during the last 3-month period . Year-to-Date the stock performance stands at 11.44%.

Sherwin-Williams Company (The) (NYSE:SHW): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $286.15 and $285.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $288.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $286.71, notching a gain of 0.01% for the day. The total traded volume was 645,056 . The stock had closed at $286.68 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Baxter Joel D., officer (Pres. & GM, Glob. Supply Chain) of Sherwin Williams Co, had unloaded 3,853 shares at an average price of $300.16 in a transaction dated on August 5, 2016. The total value of the transaction was worth $1,156,516.

The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Companys segments include Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items. The Consumer Group develops, manufactures and distributes a range of paint, coatings and related products to third party customers. The Global Finishes Group develops, licenses, manufactures, distributes and sells a range of protective and marine products, automotive finishes and refinished products, and OEM product finishes, among others. The Latin America Coatings Group develops, licenses, manufactures, distributes and sells a range of architectural paint and coatings, protective and marine products, and OEM product finishes, among others.

Leave a Reply

Get Pre-Market Alerts!

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