Large Inflow of Money Detected in Summit Materials

Summit Materials (SUM) stock had a bullish inflow of $24.05 million worth of trades on uptick and an outflow of $18.68 million in downticks on Thursday. The total uptick to downtick ratio stood at 1.29. The net money flow into the stock was $5.36 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $5.75 million. An inflow of $0.92 million block trade was recorded on downticks. $6.67 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 7.24 in favor of the bulls. However, Summit Materials (SUM) stock traded down $0.34 , and reached $21.32, a drop of -1.57% over the previous day. On a weekly basis, the stock is 1.19%, over the previous weeks close.


The stock has recorded a 20-day Moving Average of 4.78% and the 50-Day Moving Average is 1.38%. Shares have dropped -17.67% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $27.89 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $20.78 and the 200 Day Moving Average price is recorded at $19.12.

Summit Materials (NYSE:SUM): The stock opened at $20.92 on Thursday but the bulls could not build on the opening and the stock topped out at $21.54 for the day. The stock traded down to $20.80 during the day, due to lack of any buying support eventually closed down at $21.30 with a loss of -1.66% for the day. The stock had closed at $21.66 on the previous day. The total traded volume was 6,083,339 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Hill Thomas W., director officer (President and CEO) of Summit Materials, Inc., had unloaded 10,000 shares at an average price of $20.39 in a transaction dated on June 22, 2016. The total value of the transaction was worth $203,900.

Summit Materials, Inc. is a construction material company. The Company offers construction materials and related downstream products. The Companys materials include aggregates, which it supplies across the country, with a focus on Texas, Kansas, Kentucky, Utah and Missouri and cement, which the Company supplies in Missouri, Iowa and Illinois. In addition to supplying aggregates, it uses its materials to produce ready-mixed concrete and asphalt paving mix. The Company operates through three segments: West, Central and East. The Companys West region includes operations in Texas, the Mountain states of Utah, Colorado, Idaho and Wyoming and in British Columbia, Canada. The Companys Central region extends across the Midwestern United States, including Kansas, Missouri, Nebraska, Iowa and Illinois. The Companys East region serves markets in Kentucky, South Carolina, North Carolina, Tennessee and Virginia.

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