Large Outflow of Money Witnessed in Baker Hughes Incorporated

Baker Hughes Incorporated (BHI) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($10.75 million) and the uptick to downtick ratio was 0.81. The transaction value on upticks was $45.72 million and on downticks, the transaction value was $56.47 million. In block trades, the transaction value of inflow done during uptick was $9.65 million. The transaction value of block trades during downticks was $19.31 million. The uptick to downtick block trade ratio was 0.5. The money flow was negative ($9.66 million), indicating the traders were booking profit on the price strength. Baker Hughes Incorporated (BHI) rose $1.76 at $49.82, during intraday Wednesday , a rise of 3.66% over the previous days close.


Baker Hughes Incorporated has lost 0.74% in the last five trading days and dropped 1.64% in the last 4 weeks. Baker Hughes Incorporated is up 10.84% in the last 3-month period. Year-to-Date the stock performance stands at 9.17%.

Baker Hughes Incorporated (BHI) : 21 analysts are covering Baker Hughes Incorporated (BHI) and their average rating on the stock is 2.1, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Baker Hughes Incorporated (NYSE:BHI): The stock opened at $48.61 and touched an intraday high of $49.91 on Wednesday. During the day, the stock corrected to an intraday low of $48.173, however, the bulls stepped in and pushed the price higher to close in the green at $49.82 with a gain of 3.66% for the day. The total traded volume for the day was 5,496,855. The stock had closed at $48.06 in the previous trading session.

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals, and process and pipeline services. It conducts its operations through subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Companys Integrated Operations is focused on the execution of projects that have attributes, such as project management, well site supervision, well construction, intervention, third-party contractor management, procurement and rig management.

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