Large Inflow of Money Detected in Franklin Electric Co.

Franklin Electric Co. (FELE) : Investors lapped up stocks on upticks to the tune of $4.43 million in the Thursdays trading session. The trading value on downticks was comparatively at $1.25 million and the uptick to downtick ratio of 3.55 indicates continuous buying by the bulls. The net money flow into the stock was $3.18 million. Upticks saw transactions worth $2.78 clearly indicating buying by large investors. The total money flow for block trades stood at $2.78 million, which is a positive for the stock in the long-term. Franklin Electric Co. (FELE) fell $0.01 during the day at $37.57, a drop of -0.01% over the previous days close. However, for the week, the stock is 10.13%, compared to the previous week.


The stock has recorded a 20-day Moving Average of 11.3% and the 50-Day Moving Average is 13.45%. Shares have rallied 24.91% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $36.02 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $33.43 and the 200 Day Moving Average price is recorded at $30.60.

Franklin Electric Co. (NASDAQ:FELE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.00 and $37.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.69, notching a gain of 0.32% for the day. The total traded volume was 366,744 . The stock had closed at $37.57 on the previous day.

In an insider trading activity,The officer (VP & President Energy Systems) of Franklin Electric Co Inc, Kenney Donald P sold 1,100 shares at $34.24 on June 6, 2016. The Insider selling transaction had a total value worth of $37,664. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Franklin Electric Co Inc., together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, composed of submersible motors, pumps, electronic controls and related parts and equipment. The Companys business consists of two segments: the Water Systems segment and the Fueling Systems segment. The Companys Water Systems produces and markets water pumping systems and is also engaged in submersible motors, pumps, drives, electronic controls and monitoring devices. The Companys Fueling Systems is engaged in the production and marketing of fuel pumping systems, fuel containment systems, and monitoring and control systems. The Companys Water Systems and Fueling Systems products and related equipment are sold to specialty distributors and some original equipment manufacturers, as well as industrial and petroleum equipment distributors, and oil and utility companies.

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