Shares of Honeywell International (HON) Sees Large Outflow of Money

Honeywell International (HON) : The total negative money flow of $8.77 million on Thursday indicates selling on strength. The inflow of money on upticks was $36.76 million, compared to $45.54 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.81. The negative money flow of $5.1 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 $5.1 million. The price action in the Honeywell International (HON) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $119.12 with a gain of $0.07 , a change of 0.05% over the previous days close. The stock registered 0.23% for the week.


The stock has recorded a 20-day Moving Average of 2.45% and the 50-Day Moving Average is 3.57%. Shares have rallied 14.26% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $119.04 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $115.47 and the 200 Day Moving Average price is recorded at $109.61.

Honeywell International (NYSE:HON): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $119.67 and $118.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $120.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $119.09, notching a gain of 0.03% for the day. The total traded volume was 2,415,973 . The stock had closed at $119.05 on the previous day.

In an insider trading activity, Mikkilineni Krishna, officer (SrVP, Engineering, Ops & IT) of Honeywell International Inc, unloaded 13,000 shares at an average price of $114.1 on May 27, 2016. The total amount of the transaction was worth $1,483,300, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company. The Company is engaged in serving customers across the world with aerospace products and services, turbochargers, control, sensing and security technologies for buildings, homes and industry, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. The Company operates in segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment is a supplier of aircraft engines, integrated avionics, systems and service solutions, and related products and services. ACS segment provides environmental and combustion controls, sensing controls, security and life safety products and services. Its PMT segment develops and manufactures advanced materials, process technologies and automation solutions.

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