Large Outflow of Money Witnessed in U S Concrete

U S Concrete (USCR): The stock had negative money flow to the tune of ($2.47 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $3.04 million, whereas, the outflow of money on downticks was $5.5 million and the ratio between the two was 0.55. The block trade had a negative net money flow of ($1.45 million). On the other hand, downticks amounted to $1.45 million of the traded value, which shows distribution in the stock by traders. U S Concrete (USCR) closed with marginal gains of 9 cents to end the day at $47.11, an increase of 0.19% over the previous days close. The stock recorded -2.54% for the week.


U.S. Concrete, Inc. has lost 0.15% in the last five trading days and dropped 15.65% in the last 4 weeks. U.S. Concrete, Inc. has dropped 19.96% during the last 3-month period . Year-to-Date the stock performance stands at -10.14%.

U S Concrete (USCR) : Zacks Investment Research ranks U S Concrete (USCR) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 4 research analysts is 1, which indicates as a Strong Buy.

U S Concrete (NASDAQ:USCR): The stock opened at $47.01 and touched an intraday high of $47.5 on Wednesday. During the day, the stock corrected to an intraday low of $46.3966, however, the bulls stepped in and pushed the price higher to close in the green at $47.32 with a gain of 0.64% for the day. The total traded volume for the day was 502,002. The stock had closed at $47.02 in the previous trading session.

U.S. Concrete, Inc. is a producer of ready-mixed concrete in select markets in the United States. The Company operates through two segments: ready-mixed concrete and aggregate products. Its ready-mixed concrete engages in the formulation, production and delivery of ready-mixed concrete to its customers job sites. It provides ready-mixed concrete from its operations in north Texas, west Texas, northern California, New Jersey, New York, Washington, D.C. and Oklahoma. Its aggregate products segment produces crushed stone, sand and gravel from seven aggregates facilities located in New Jersey and Texas. Its customers include contractors for commercial and industrial, residential, street and highway and other public works construction. It has approximately 139 ready-mixed concrete plants, 16 volumetric ready-mixed concrete facilities and 12 producing aggregates facilities. Its Wantage Stone reserves, a site development quarry, which include an 80 acre land that is located in New Jersey.

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