Large Inflow of Money Witnessed in Goldcorp

Goldcorp (GG) : Thursdays money flow data in Goldcorp (GG) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $35.99 million, whereas, $23.57 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.53, in favor of the bulls. The total money flow into the stock was $12.41 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $13.83 million. The total value of block trades done on upticks was $18.95 million. The value of bearish trades on downticks was only $5.11 million.The up/down ratio in the block trades was a healthy 3.71 in favor of the bulls, suggesting strong buying in the stock by large traders. Goldcorp (GG) fell $0.46 and traded at $19.64, down -2.29% for the day, over previous days close. On a weekly basis, the shares are -0.2% over the previous weeks close.


Goldcorp (GG) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $28 and the lowest price target forecast is $13. The average forecast of all the analysts is $18.44 and the expected standard deviation is $4.18. The stock has recorded a 20-day Moving Average of 6.64% and the 50-Day Moving Average is 8.31%.

Goldcorp (NYSE:GG): The stock opened at $19.88 on Thursday but the bulls could not build on the opening and the stock topped out at $20.10 for the day. The stock traded down to $19.53 during the day, due to lack of any buying support eventually closed down at $19.64 with a loss of -2.29% for the day. The stock had closed at $20.10 on the previous day. The total traded volume was 9,072,077 shares.

Goldcorp Inc. (Goldcorp) is a gold producer engaged in the acquisition, exploration, development and operation of gold properties in Canada, the United States, Mexico and Central and South America. The Companys principal products are gold and the byproduct silver, copper, lead and zinc. Goldcorps operating assets include four mines in Canada, two mines in Mexico, and four in Central and South America.

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