Shares of United Technologies Corporation (UTX) Sees Large Outflow of Money

United Technologies Corporation (UTX) : The total money flow in United Technologies Corporation (UTX) was negative ($2.87 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $3.37 million. In comparison, the inflow of money into the stock on upticks was $0.5 million. The uptick to downtick ratio was 0.15. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $2.95 million. The negative money flow of ($2.95 million) confirms the selling in United Technologies Corporation (UTX) on strength. United Technologies Corporation (UTX) gained $0.09 at $108.06, a gain of 0.08% over the previous days close. However, the stock registered 0.7% in the week.


Also, Barclays maintains its rating on United Technologies Corporation (NYSE:UTX). The global brokerage major raises the current price target from $108 per share to $110 per share. Analysts at the Barclays have a current rating of Equalweight on the shares. The rating by the firm was issued on July 27, 2016.

United Technologies Corporation has dropped 0.6% in the last five trading days, however, the shares have posted positive gains of 0.99% in the last 4 weeks. United Technologies Corporation is up 7.63% in the last 3-month period. Year-to-Date the stock performance stands at 14.01%.

United Technologies Corporation (NYSE:UTX): The stock opened at $107.87 on Tuesday but the bulls could not build on the opening and the stock topped out at $108.12 for the day. The stock traded down to $107.19 during the day, due to lack of any buying support eventually closed down at $107.35 with a loss of -0.57% for the day. The stock had closed at $107.97 on the previous day. The total traded volume was 2,390,925 shares.

In a related news,The officer (Executive VP & General Counsel) of United Technologies Corp /De/, Gill Charles D sold 6,202 shares at $109 on August 11, 2016. The Insider selling transaction had a total value worth of $676,018. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.

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