Large Inflow of Money Witnessed in Potash Corporation of Saskatchewan

Potash Corporation of Saskatchewan (POT) : Thursdays money flow data in Potash Corporation of Saskatchewan (POT) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $40.46 million, whereas, $14.26 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.84, in favor of the bulls. The total money flow into the stock was $26.2 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $24.01 million. The total value of block trades done on upticks was $25.17 million. The value of bearish trades on downticks was only $1.16 million.The up/down ratio in the block trades was a healthy 21.77 in favor of the bulls, suggesting strong buying in the stock by large traders. Potash Corporation of Saskatchewan (POT) fell $0.13 and traded at $16, down -0.81% for the day, over previous days close. On a weekly basis, the shares are -3.03% over the previous weeks close.


Potash Corporation of Saskatchewan (POT) : 10 Wall Street analysts covering Potash Corporation of Saskatchewan (POT) believe that the average level the stock could reach for the short term is $16.7. The maximum price target given is $23 and the minimum target for short term is around $11, hence the standard deviation is calculated at $3.53. The stock has recorded a 20-day Moving Average of 4.08% and the 50-Day Moving Average is 4.12%.

Potash Corporation of Saskatchewan (NYSE:POT): The stock opened at $16.31 on Thursday but the bulls could not build on the opening and the stock topped out at $16.40 for the day. The stock traded down to $15.91 during the day, due to lack of any buying support eventually closed down at $16.00 with a loss of -0.81% for the day. The stock had closed at $16.13 on the previous day. The total traded volume was 8,033,707 shares.

Potash Corporation of Saskatchewan Inc is a fertilizer company. The Company operates in three business segments: potash, nitrogen and phosphate. The Company owns and operates five potash operations in Saskatchewan and one in New Brunswick. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad. The Companys phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed and industrial acid, which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. The Company also has four phosphate feed plants in the United States and produce phosphoric acid at its Geismar, Louisiana facility.

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