Shares of Cummins (CMI) Sees Large Inflow of Net Money Flow

Cummins (CMI) : Cummins (CMI) had a healthy money flow of $9.65 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $37.41 million, whereas, investors only sold shares worth $27.76 million on downticks. The stock closed the day with an up-down ratio of 1.35.The money flow in the block trades to the tune of $5.02 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $6.27 million worth of transactions were on upticks. A paltry $1.25 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 5. Cummins (CMI) stock slid $0.2 intraday and traded at 125.41, a change of -0.16% over previous days close. However, for the week, the company shares are 0.72% compared to previous weeks close.


The company Insiders own 0.57% of Cummins shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -31.86% . Institutional Investors own 81.94% of Cummins shares. During last six month period, the net percent change held by insiders has seen a change of -25.85%.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP – Corporate Strategy) of Cummins Inc, Ewald Thaddeus B had sold 820 shares worth of $104,099 in a transaction dated August 11, 2016. In this transaction, 820 shares were sold at $126.95 per share.

Cummins (NYSE:CMI): The stock opened at $126.12 and touched an intraday high of $126.55 on Friday. During the day, the stock corrected to an intraday low of $125.64, however, the bulls stepped in and pushed the price higher to close in the green at $126.16 with a gain of 0.60% for the day. The total traded volume for the day was 1,273,498. The stock had closed at $125.41 in the previous trading session.

Cummins (CMI) : Traders are bullish on Cummins (CMI) as it has outperformed the S&P 500 by a wide margin of 0.79% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.82%, 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 1.33% in the last 1 week, and is up 0.65% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Cummins Inc. is a global diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products, including filtration, after treatment, turbochargers, fuel systems, controls systems, air handling systems and electric power generation systems. It has four operating segments: Engine, Distribution, Components and Power Generation. The Company sells its products to original equipment manufacturers (OEMs), distributors and other customers. It serves its customers through a network of around 600 Company-owned and independent distributor locations and around 7,200 dealer locations in more than 190 countries. In addition, engines and engine components are manufactured by the Companys joint ventures or independent licensees at its manufacturing plants in the United States, China, India, South Korea, Mexico and Sweden. Its subsidiaries include Cummins India Ltd. and Wuxi Cummins Turbo Technologies Co. Ltd.

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