Large Outflow of Money Witnessed in Rexnord Corporation

Rexnord Corporation (RXN) : Money flow in the Rexnord Corporation (RXN) stock was negative (1.96 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $2.75 million, compared to $4.72 million on downticks. The total uptick to downtick ratio was 0.58, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.14 million), indicating selling on the strength. The transaction value during uptick in block trades was $2.14 million. Downtick transaction value in block trades amounted to $4.27 million, indicating persistent selling. The uptick to downtick ratio was 0.5. Rexnord Corporation (RXN) traded $0.06 higher at $21.38 gaining 0.28% over the previous days close.


Rexnord Corporation has dropped 0.05% during the last 3-month period . Year-to-Date the stock performance stands at 17.6%. Shares of Rexnord Corporation appreciated by 3.3% during the last five trading days but lost 0.88% on a 4-week basis. In a related news, The director, of Rexnord Corp, Stroup John S had unloaded 18,732 shares at $21.39 per share in a transaction on June 8, 2016. The total value of transaction was $400,677. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Rexnord Corporation (NYSE:RXN): On Mondays trading session , Opening price of the stock was $21.42 with an intraday high of $21.545. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $21.19. However, the stock managed to close at $21.31, a loss of 0.05% for the day. On the previous day, the stock had closed at $21.32. The total traded volume of the day was 851,126 shares.

Rexnord Corporation (Rexnord) is a multi-platform industrial company. The Company operates through two segments: Process & Motion Control platform, and Water Management platform. The Process & Motion Control platform designs, manufactures, markets and services engineered mechanical components, such as gears and gear drives, couplings, industrial bearings, FlatTop and engineered chain, aerospace bearings and seals, under various brands, including Rexnord, Rex, Falk and Link-Belt. The Water Management platform designs, procures, manufactures and markets products that provide water quality, safety, flow control and conservation under brands, such as Zurn, Wilkins, VAG, GA, Rodney Hunt and Fontaine. The Water Management product portfolio includes specification drainage products, sensor flush valves and faucet products, pressure release valves, sluice and slide gates, butterfly and plug valves, control valves and actuation systems, and cross-linked polyethylene (PEX) piping.

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