Large Inflow of Money Witnessed in Spirit Aerosystems Holdings

Spirit Aerosystems Holdings (SPR) : On Thursday, The money flowed into the Spirit Aerosystems Holdings (SPR) stock with an uptick to downtick ratio was recorded at 1.24. Transactions worth $12.61 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $10.18 million. The total money flow into the stock was $2.43 million. The block trades reveal a bullish bias with an up-down ratio of 1.54. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $6.85 million of block transactions on upticks. The value of block trades on downticks was $4.45 million, indicating lower selling interest. The total money flow in block trades was $2.4 million. In terms of price action, Spirit Aerosystems Holdings (SPR) traded down $0.5 during the session at $41.62. Compared to the previous days closing, the stock was down only by -1.19%. For the week, the stock is -2.94%, over previous weeks closing.


Spirit Aerosystems Holdings (SPR) : Average target price received by Spirit Aerosystems Holdings (SPR) is $57.27 with an expected standard deviation of $10.03. The most aggressive target on the stock is $74, whereas the most downbeat target is $44. 11 financial analysts are currently covering the stock. The stock has recorded a 20-day Moving Average of 5.37% and the 50-Day Moving Average is 8.93%.

Spirit Aerosystems Holdings (NYSE:SPR): The stock opened at $41.86 on Thursday but the bulls could not build on the opening and the stock topped out at $42.35 for the day. The stock traded down to $41.39 during the day, due to lack of any buying support eventually closed down at $41.61 with a loss of -1.21% for the day. The stock had closed at $42.12 on the previous day. The total traded volume was 1,645,440 shares.

Spirit AeroSystems Holdings, Inc. is an independent non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero structures. The Company operates in three segments: Fuselage Systems, Propulsion Systems and Wing Systems. Fuselage Systems segment develops, produces and markets forward, mid and rear fuselage sections and systems, primarily to aircraft OEMs, as well as related spares and maintenance, repair and overhaul support and services (MRO). The Propulsion Systems segment develops, produces and markets struts/pylons, nacelles (including thrust reversers) and related engine structural components primarily to aircraft or engine OEMs, as well as related spares and MRO services. The Wing Systems segment develops, produces and markets forward wings and wing components (including flight control surfaces), and other miscellaneous structural parts primarily to aircraft OEMs, as well as related spares and MRO services.

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