Large Outflow of Money Witnessed in Applied Materials

Applied Materials (AMAT): The stock had negative money flow to the tune of ($9.66 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $67.46 million, whereas, the outflow of money on downticks was $77.11 million and the ratio between the two was 0.87. The block trade had a negative net money flow of ($11.76 million). The total block trade value undertaken on upticks was $32.34 million. On the other hand, downticks amounted to $44.09 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.73. Applied Materials (AMAT) closed with marginal gains of 10 cents to end the day at $29.74, an increase of 0.34% over the previous days close. The stock recorded 0.27% for the week.


Applied Materials, Inc. has lost 2.72% in the last five trading days and dropped 1.03% in the last 4 weeks. Applied Materials, Inc. is up 26.67% in the last 3-month period. Year-to-Date the stock performance stands at 61.41%.

Applied Materials (AMAT) : 13 brokerage houses believe that Applied Materials (AMAT) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Applied Materials (AMAT). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 17 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.41.

Applied Materials (NASDAQ:AMAT): The stock opened at $29.73 and touched an intraday high of $29.98 on Wednesday. During the day, the stock corrected to an intraday low of $29.47, however, the bulls stepped in and pushed the price higher to close in the green at $29.74 with a gain of 0.34% for the day. The total traded volume for the day was 14,034,816. The stock had closed at $29.64 in the previous trading session.

Applied Materials, Inc. (Applied) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries. Applied operates in four segments: Silicon Systems Group, Applied Global Services, Display, and Energy and Environmental Solutions. The Silicon Systems Group segment develops, manufactures and sells manufacturing equipment used to fabricate semiconductor chips. The Applied Global Services segment encompasses services, products and integrated solutions to optimize equipment and fab performance and productivity. The Display Segment includes products for manufacturing liquid crystal displays, organic light-emitting diodes and other display technologies for televisions, personal computers, tablets, smartphones and other devices. The Energy and Environmental Solutions segment includes systems for manufacturing wafer-based crystalline silicon cells and modules.

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