Shares of Waters Corporation (WAT) Sees Large Outflow of Money

Waters Corporation (WAT) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($9.91 million) and the uptick to downtick ratio was 0.45. The transaction value on upticks was $8 million and on downticks, the transaction value was $17.91 million. The transaction value of block trades during downticks was $8.9 million. The money flow was negative ($8.9 million), indicating the traders were booking profit on the price strength. Waters Corporation (WAT) rose $0.69 at $158.9, during intraday Tuesday , a rise of 0.44% over the previous days close.


Also, Equity Analysts at the Barclays maintains the rating on Waters Corporation (NYSE:WAT). The brokerage firm has issued a Equalweight rating on the shares. The Analysts at the ratings agency raises the price target from $130 per share to $157 per share. The rating by the firm was issued on July 27, 2016.

Waters Corporation has lost 2.66% in the last five trading days and dropped 1.29% in the last 4 weeks. Waters Corporation is up 13.77% in the last 3-month period. Year-to-Date the stock performance stands at 17.05%.

Waters Corporation (NYSE:WAT): The stock opened at $158.89 on Tuesday but the bulls could not build on the opening and the stock topped out at $159.22 for the day. The stock traded down to $157.43 during the day, due to lack of any buying support eventually closed down at $157.52 with a loss of -0.87% for the day. The stock had closed at $158.90 on the previous day. The total traded volume was 350,745 shares.

In a related news,The officer (EVP and President, Waters Div) of Waters Corp /De/, Caputo Arthur G sold 104,785 shares at $158.54 on August 17, 2016. The Insider selling transaction had a total value worth of $16,612,614. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Waters Corporation (Waters) is an analytical instrument manufacturer. The Company designs, manufactures, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company has two segments: Waters Division and TA Division. The Waters Divisions products and services primarily consist of high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC), mass spectrometry (MS) and chemistry consumable products and related services. TA Divisions products and services primarily consist of thermal analysis, rheometry and calorimetry instrument systems and service sales. The Companys products are used by pharmaceutical, life science, biochemical, industrial, nutritional safety, environmental, academic and governmental customers working in research and development, quality assurance and other laboratory applications.

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