Large Outflow of Money Witnessed in AMTEK

AMTEK (AME) : The total money flow in AMTEK (AME) was negative ($1.29 million), which signals selling by the traders on Mondays session. They trimmed their holdings by selling the stock on downticks to the tune of $2.23 million. In comparison, the inflow of money into the stock on upticks was $0.95 million. The uptick to downtick ratio was 0.42. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.2 million. The negative money flow of ($1.2 million) confirms the selling in AMTEK (AME) on strength. AMTEK (AME) gained $0.01 at $47.63, a gain of 0.02% over the previous days close. However, the stock registered 3.9% in the week.


Ametek Inc. has dropped 5.68% during the last 3-month period . Year-to-Date the stock performance stands at -10.99%. Shares of Ametek Inc. rose by 2.77% in the last five trading days and 1.82% for the last 4 weeks. In a related news, Marecic Thomas C, officer (PRES. – ELECTRONIC INSTRUMENTS) of Ametek Inc/, unloaded 6,500 shares at an average price of $44.89 on July 6, 2016. The total amount of the transaction was worth $291,785, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

AMTEK (NYSE:AME): On Mondays trading session , Opening price of the stock was $47.57 with an intraday high of $47.73. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $47.408. However, the stock managed to close at $47.52, a loss of 0.21% for the day. On the previous day, the stock had closed at $47.62. The total traded volume of the day was 1,053,156 shares.

AMETEK, Inc. (AMETEK) is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. AMETEK markets and sells its products through two groups: Electronic Instruments (EIG) and Electromechanical (EMG). The Companys EIG segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets. It offers process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor and factory automation industries. The Companys EMG segment offers electrical connectors and electronics packaging used in aerospace and defense, medical and industrial applications, as well as its advanced technical motor and motion control products, which are used in a range of medical devices, office and business equipment, factory automation, robotics and other applications.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *