Shares of Snap-On Incorporated (SNA) Sees Large Outflow of Money

Snap-On Incorporated (SNA) : The total negative money flow of $9.39 million on Thursday indicates selling on strength. The inflow of money on upticks was $14.25 million, compared to $23.64 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.6. The negative money flow of $9.05 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $9.05 million. The price action in the Snap-On Incorporated (SNA) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $157.25 with a gain of $0.91 , a change of 0.58% over the previous days close. The stock registered -0.47% for the week.


Snap-On Incorporated (SNA) : 6 Wall Street analysts covering Snap-On Incorporated (SNA) believe that the average level the stock could reach for the short term is $176.33. The maximum price target given is $190 and the minimum target for short term is around $165, hence the standard deviation is calculated at $8.87. The stock has recorded a 20-day Moving Average of 1.77% and the 50-Day Moving Average is 0.75%.

Snap-On Incorporated (NYSE:SNA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $156.06 and $156.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $157.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $157.25, notching a gain of 0.58% for the day. The total traded volume was 375,957 . The stock had closed at $156.34 on the previous day.

Snap-on Incorporated (Snap-on) is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. The Companys products and services include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries, including aviation and aerospace, agriculture, construction, Government and military, mining, natural resources, power generation and technical education. The Companys business segments include Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. It offers its products under the brand names: Snap-on, ATI, BAHCO, Blackhawk, Blue-Point, Cartec, CDI, Challenger, Fish and Hook, Hofmann, Irimo, John Bean, Lindstrom, Mitchell1, Nexiq, Pro-Cut, Sandflex, ShopKey, Sioux, Sun and Williams.

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