Large Outflow of Money Witnessed in Mohawk Industries

Mohawk Industries (NYSE:MHK) had an volatile session and gained 0.52 points till last call. The price was at $193.33, gaining 0.27% till the last intraday data. The total uptick value was $1.61 million while the total downtick value was $8.3 million. The shares saw a net money flow of $(-6.69) million and the up/down ratio stood at 0.19. The stock has seen a change of of -1% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-6.67) million. Almost $0 million were received in upticks and approximately $6.67 million were lost in downticks, thereby giving the up/down ratio of 0.

Mohawk Industries Inc. has dropped 1.45% in the last five trading days, however, the shares have posted positive gains of 0.03% in the last 4 weeks. Mohawk Industries Inc. is up 2.1% in the last 3-month period. Year-to-Date the stock performance stands at 1.61%.

Currently the company Insiders own 17.1% of Mohawk Industries shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.88% . Institutional Investors own 82.98% of Mohawk Industries shares. During last six month period, the net percent change held by insiders has seen a change of -10.35%. . On the companys insider trading activities, The Securities and Exchange Commission has divulged that Wellborn Chistopher, director officer (President and COO) of Mohawk Industries Inc, had unloaded 10,236 shares at an average price of $200 in a transaction dated on June 7, 2016. The total value of the transaction was worth $2,047,200.

Mohawk Industries (NYSE:MHK) witnessed a decline in the market cap on Friday as its shares dropped 0.19% or 0.37 points. After the session commenced at $192.74, the stock reached the higher end at $193.67 while it hit a low of $191.19. With the volume soaring to 490,611 shares, the last trade was called at $192.44. The company has a 52-week high of $212.16. The company has a market cap of $14,258 million and there are 74,091,298 shares in outstanding. The 52-week low of the share price is $148.56.

Mohawk Industries, Inc. is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company operates in three segments: the Carpet segment, the Ceramic segment, and the Laminate and Wood segment. The Carpet segment designs, manufactures, sources, distributes and markets its carpet and rug product lines in a range of colors, textures and patterns for residential and commercial applications. The Ceramic segment designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products. The Laminate and Wood segment designs, manufactures, sources, licenses, distributes and markets laminate and hardwood flooring. Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring. Its brands include American Olean, Bigelow, Daltile, Durkan, Karastan, Kerama Marazzi, Lees, Marazzi, Mohawk, Pergo, Quick-Step and Unilin.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *