Shares of Summit Materials (SUM) Sees Large Outflow of Money

Summit Materials (SUM): The stock had negative money flow to the tune of ($13.16 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $2.4 million, whereas, the outflow of money on downticks was $15.56 million and the ratio between the two was 0.15. The block trade had a negative net money flow of ($13.17 million). On the other hand, downticks amounted to $13.17 million of the traded value, which shows distribution in the stock by traders. Summit Materials (SUM) closed with marginal gains of 37 cents to end the day at $20.64, an increase of 1.83% over the previous days close. The stock recorded 1.08% for the week.


Shares of Summit Materials, Inc. appreciated by 0.88% during the last five trading days but lost 4.53% on a 4-week basis. Summit Materials, Inc. has dropped 4.58% during the last 3-month period . Year-to-Date the stock performance stands at 2.99%.

Summit Materials (NYSE:SUM): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.33 and $20.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.64, notching a gain of 1.83% for the day. The total traded volume was 1,476,493 . The stock had closed at $20.27 on the previous day.

In a related news,The director of Summit Materials, Inc., Lance Howard L sold 27,000 shares at $20.67 on July 19, 2016. The Insider selling transaction had a total value worth of $558,090. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Summit Materials, Inc. is a construction material company. The Company offers construction materials and related downstream products. The Companys materials include aggregates, which it supplies across the country, with a focus on Texas, Kansas, Kentucky, Utah and Missouri and cement, which the Company supplies in Missouri, Iowa and Illinois. In addition to supplying aggregates, it uses its materials to produce ready-mixed concrete and asphalt paving mix. The Company operates through three segments: West, Central and East. The Companys West region includes operations in Texas, the Mountain states of Utah, Colorado, Idaho and Wyoming and in British Columbia, Canada. The Companys Central region extends across the Midwestern United States, including Kansas, Missouri, Nebraska, Iowa and Illinois. The Companys East region serves markets in Kentucky, South Carolina, North Carolina, Tennessee and Virginia.

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