Large Outflow of Money Witnessed in Applied Industrial Technologies

Applied Industrial Technologies (AIT) : The total negative money flow of $3.52 million on Friday indicates selling on strength. The inflow of money on upticks was $1.48 million, compared to $4.99 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.3. The negative money flow of $3.68 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $3.68 million. The price action in the Applied Industrial Technologies (AIT) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $47.89 with a gain of $0.13 , a change of 0.26% over the previous days close. The stock registered 1.17% for the week.


The company Insiders own 4.2% of Applied Industrial Technologies shares according to the proxy statements. Institutional Investors own 89.54% of Applied Industrial Technologies shares.

In a related news,The director of Applied Industrial Technologies Inc, Wallace Peter C sold 1,885 shares at $43.1 on November 4, 2015. The Insider selling transaction had a total value worth of $81,244. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Applied Industrial Technologies (NYSE:AIT): The stock opened at $48.04 and touched an intraday high of $48.46 on Friday. During the day, the stock corrected to an intraday low of $47.76, however, the bulls stepped in and pushed the price higher to close in the green at $48.4 with a gain of 1.34% for the day. The total traded volume for the day was 299,287. The stock had closed at $47.76 in the previous trading session.

Applied Industrial Technologies (AIT) : Traders are bullish on Applied Industrial Technologies (AIT) as it has outperformed the S&P 500 by a wide margin of 1.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.75%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.26% in the last 1 week, and is up 1.15% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Applied Industrial Technologies Inc. is a distributor and supplier of industrial products. The Companys industry products, including bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, and other industrial and maintenance supplies. The Company provides engineering, design, and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber, and fluid power shop services. The Company operates in two segments: service center-based distribution and fluid power businesses. Service center-based distribution provides customers with a range of industrial products through a network of service centers. Fluid power businesses consist of regional companies that distribute fluid power components and operate shops to assemble fluid power systems and perform equipment repair.

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