Large Outflow of Money Witnessed in Smith (A.O.) Corporation

Smith (A.O.) Corporation (AOS) : The total negative money flow of $7.72 million on Friday indicates selling on strength. The inflow of money on upticks was $9.54 million, compared to $17.26 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.55. The negative money flow of $8.16 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 $8.16 million. The price action in the Smith (A.O.) Corporation (AOS) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $96.98 with a gain of $0.62 , a change of 0.64% over the previous days close. The stock registered 1.74% for the week.


The company Insiders own 1.76% of Smith (A.O.) Corporation shares according to the proxy statements. Institutional Investors own 76.68% of Smith (A.O.) Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -17.17%.

In a related news, Smith Mark D, director of Smith A O Corp, unloaded 1,146 shares at an average price of $93.76 on July 28, 2016. The total amount of the transaction was worth $107,449, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Smith (A.O.) Corporation (NYSE:AOS): The stock opened at $96.86 and touched an intraday high of $97.58 on Friday. During the day, the stock corrected to an intraday low of $96.6, however, the bulls stepped in and pushed the price higher to close in the green at $96.98 with a gain of 0.64% for the day. The total traded volume for the day was 557,159. The stock had closed at $96.36 in the previous trading session.

Smith (A.O.) Corporation (AOS) : Traders are bullish on Smith (A.O.) Corporation (AOS) as it has outperformed the S&P 500 by a wide margin of 2.92% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.23%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.74% in the last 1 week, and is up 2.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. Both segments manufacture and market a range of residential gas, gas tankless and electric water heaters and commercial water heating equipment. The North America segment manufactures and markets specialty commercial water heating equipment, condensing and non-condensing boilers, and water systems tanks. The Company serves residential and commercial end markets in North America with a range of products, including water heaters, boilers and others. The Rest of World segment manufactures and markets water treatment products, primarily in Asia. The Rest of World segment includes China, Europe and India. The Company supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.

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