Shares of Universal Forest Products (UFPI) Sees Large Outflow of Money

Universal Forest Products (UFPI) : The total money flow in Universal Forest Products (UFPI) was negative ($5.05 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $8.78 million. Transactions on upticks were comparatively lower at $3.73 million. The uptick to downtick ratio was 0.43. The total block trades on downticks were valued at $5 million. The money flow during block trades was negative ($5 million) when the stock traded with a gain of $5 cent. Universal Forest Products (UFPI) was $97.19, an increase of 0.05% over the previous days close.


Universal Forest Products (UFPI) : The most positive equity analysts on Universal Forest Products (UFPI) expects the shares to touch $80, whereas, the least positive believes that the stock will trade at $75 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $77.5 with an expected fluctuation of $3.54 from the mean. The stock has recorded a 20-day Moving Average of 9.39% and the 50-Day Moving Average is 14.52%.

Universal Forest Products (NASDAQ:UFPI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $97.75 and $96.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $97.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $97.30, notching a gain of 0.16% for the day. The total traded volume was 265,432 . The stock had closed at $97.14 on the previous day.

Universal Forest Products, Inc. is a holding company. The Company capital, management and administrative resources to subsidiaries that supply wood, wood composite and other products to three primary markets: retail, housing and construction, and industrial. The Companys retail market comprises building materials sold primarily to national home center retailers, retail-oriented regional lumber yards and contractor-oriented lumber yards. Its housing and construction market comprises three submarkets, manufactured housing customers, residential construction customers and commercial construction customers. Its industrial market is defined as industrial manufacturers and other customers for packaging, material handling and other applications. The Companys segments include Eastern, Western, Site-Built, Consumer Products, Distribution and Pinelli Universal.

Comments (0)

Leave a Reply

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