Shares of Silver Wheaton Corp (SLW) Sees Large Outflow of Money

Silver Wheaton Corp (SLW) : Mondays money flow analysis of Silver Wheaton Corp (SLW) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $22.79 million. In comparison, the inflow of money on upticks was a meager $19.84 million. The dollar value of composite uptick trades minus the downtick trades was negative $2.95 million. The uptick to downtick ratio of 0.87 in the money flow shows weakness. The uptick block trades were valued at $2.91 million. The downtick transaction value was high at $5.64 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.52. Hence, the net money flow in the stock was negative ($2.73 million). Silver Wheaton Corp (SLW) gained $0.16 at $30.63, a change of 0.53% over the previous days close.


Shares of Silver Wheaton Corp. rose by 5.24% in the last five trading days and 18.18% for the last 4 weeks. Silver Wheaton Corp. is up 58.26% in the last 3-month period. Year-to-Date the stock performance stands at 148.94%.

Silver Wheaton Corp (NYSE:SLW): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.50 and $30.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.75, notching a gain of 0.92% for the day. The total traded volume was 5,749,745 . The stock had closed at $30.47 on the previous day.

Silver Wheaton Corp. (Silver Wheaton) is a Canada-based mining company. The Company is engaged in pure precious metals streaming and generates its revenues from the sale of silver and gold. As of December 31, 2014, Silver Wheaton had entered into 18 long-term purchase agreements and one early deposit long-term purchase agreement associated with silver and gold (precious metal purchase agreements), relating to 27 different mining assets, whereby Silver Wheaton acquired silver and gold production from the counterparties for a per ounce cash payment which was fixed by contract, generally at or below the prevailing market price. As of December 31, 2014, gold and silver interests owned by Silver Wheaton included San Dimas and Penasquito in Mexico; Yauliyacu, Lagunas Norte and Pierina in Peru; 777, Canada; Salobo, Brazil; Sudbury and Minto in Canada; Veladero, Argentina; Zinkgruvan, Sweden, and Neves-Corvo and Aljustrel in Portugal.

Leave a Reply

Get Pre-Market Alerts!

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