Shares of Veritiv Corporation (VRTV) Sees Large Outflow of Money

Veritiv Corporation (VRTV) : The total negative money flow of $3.88 million on Monday indicates selling on strength. The inflow of money on upticks was $1.95 million, compared to $5.83 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.33. The negative money flow of $3.79 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.84 million in a block trade.The transaction value of block trade on downtick was $4.62 million. The uptick to downtick ratio was 0.18. The price action in the Veritiv Corporation (VRTV) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $48.53 with a gain of $0.19 , a change of 0.38% over the previous days close. The stock registered 16.73% for the week.


Shares of Veritiv Corporation rose by 15.31% in the last five trading days and 16.24% for the last 4 weeks. Veritiv Corporation is up 34.1% in the last 3-month period. Year-to-Date the stock performance stands at 35.17%.

Veritiv Corporation (NYSE:VRTV): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.66 and $48.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.96, notching a gain of 1.28% for the day. The total traded volume was 198,435 . The stock had closed at $48.34 on the previous day.

In a related news, Smith Stephen Joseph, CFO of Veritiv Corp, had purchased 500 shares on March 21, 2016. The total value of the transaction was $19,365. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Veritiv Corporation (Veritiv) is a business-to-business distributor of print, publishing, packaging, facility and logistics solutions. The Company operates from more than 180 distribution centers primarily throughout the United States, Canada and Mexico, serving customers across a d range of industries. The Company operates through four segments: Print, Publishing, Packaging and Facility Solutions. The Company provides services to printers, publishers, commercial printing, data centers, manufacturers, higher education institutions, healthcare facilities, sporting and performance arenas, retail stores, government agencies, property managers and building service contractors. The Companys Veritiv Logistics Solutions business provides transportation and warehousing solutions. The Companys portfolio of private label products includes coated and uncoated papers, under the Endurance brand; packaging products under the TUFflex brand, and cleaning chemicals, among others.

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