Large Inflow of Money Witnessed in PACCAR

PACCAR (PCAR) : Thursdays money flow data in PACCAR (PCAR) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $3.7 million, whereas, $2.8 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.32, in favor of the bulls. The total money flow into the stock was $0.9 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.81 million. The total value of block trades done on upticks was $0.81 million. PACCAR (PCAR) fell $0.17 and traded at $50.62, down -0.33% for the day, over previous days close. On a weekly basis, the shares are -2.35% over the previous weeks close.


PACCAR (PCAR) : The highest short term price target forecast on PACCAR (PCAR) is $70 and the lowest target price is $30. A total of 13 equity analysts are currently covering the company. The average price of all the analysts is $54.69 with a standard deviation of $11.27. The stock has recorded a 20-day Moving Average of 4.78% and the 50-Day Moving Average is 7.75%.

PACCAR (NASDAQ:PCAR): The stock opened at $50.80 on Thursday but the bulls could not build on the opening and the stock topped out at $51.20 for the day. The stock traded down to $50.19 during the day, due to lack of any buying support eventually closed down at $50.75 with a loss of -0.08% for the day. The stock had closed at $50.79 on the previous day. The total traded volume was 2,270,894 shares.

PACCAR Inc is a company operating in three principal industry segments: the Truck segment, includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, includes finance and leasing products and services provided to customers and dealers in the United States, Canada, Mexico, Europe and Australia. The Company also operates in Australia and Brazil, and sells trucks and parts to customers in Asia, Africa, Middle East and South America. The Companys trucks are marketed under the Kenworth, Peterbilt and DAF nameplates. It also manufactures industrial winches in two plants in the United States.

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