Shares of Coca-Cola Enterprises (CCE) Sees Large Outflow of Money

Coca-Cola Enterprises (CCE) : Money flow in the Coca-Cola Enterprises (CCE) stock was negative (4.49 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $14.55 million, compared to $19.04 million on downticks. The total uptick to downtick ratio was 0.76, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.41 million), indicating selling on the strength. The transaction value during uptick in block trades was $1.2 million. Downtick transaction value in block trades amounted to $3.6 million, indicating persistent selling. The uptick to downtick ratio was 0.33. Coca-Cola Enterprises (CCE) traded $0.59 higher at $36.6 gaining 1.64% over the previous days close.


The stock has recorded a 20-day Moving Average of 1.71% and the 50-Day Moving Average is 1.68%. Shares have dropped -21.94% from its 1 Year high price. On Apr 14, 2016, the shares registered one year high at $54.54 and the one year low was seen on Jun 28, 2016. The 50-Day Moving Average price is $39.20 and the 200 Day Moving Average price is recorded at $47.14.

Coca-Cola Enterprises (NYSE:CCE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.27 and $36.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.60, notching a gain of 1.64% for the day. The total traded volume was 2,534,631 . The stock had closed at $36.01 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Brock John, director officer (Chairman and CEO) of Coca-Cola Enterprises, Inc., had unloaded 590,779 shares at an average price of $48.64 in a transaction dated on March 1, 2016. The total value of the transaction was worth $28,735,491.

Coca-Cola Enterprises, Inc. (CCE) markets, produces and distributes non-alcoholic beverages. The Company serves a market of approximately 170 million consumers throughout Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden. The Company is The Coca-Cola Companys (TCCC) bottling partner in Western Europe. The Company has bottling rights within its territories for various beverage brands, including products with the name Coca-Cola. The Company purchases concentrates and syrups from TCCC and other licensors to manufacture products. In addition, it purchases sweeteners, juices, mineral waters, finished product, carbon dioxide, fuel, PET (plastic) preforms, glass, aluminum and plastic bottles, aluminum and steel cans, pouches, closures, post-mix, and packaging materials. The Companys beverage portfolio includes Coca-Cola, Diet Coke/Coca-Cola light, Coca-Cola Zero, Fanta and Capri-Sun, among others.

Comments (0)

Leave a Reply

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