Large Outflow of Money Witnessed in Baker Hughes Incorporated

Baker Hughes Incorporated (BHI) : The value of composite uptick trades was $3.81 million, whereas, the value of composite downtick trades was $5.56 million. The uptick to downtick ratio stood at 0.69 with a negative money flow of ($1.75) Million during Mondays trading session. The block trades money flow was negative ($1.79 million). The transaction of the trades on downticks amounted to $1.79 million, which confirms investors selling on the strength of price. Baker Hughes Incorporated (BHI) gained 6 cents at $45.98, an increase of 0.13% over the previous days close.


Baker Hughes Incorporated is up 2.92% in the last 3-month period. Year-to-Date the stock performance stands at 2.31%. Shares of Baker Hughes Incorporated rose by 7.48% in the last five trading days and 1.98% for the last 4 weeks. In a related news,The officer (VP, General Counsel) of Baker Hughes Inc, Marsh William D sold 1,500 shares at $49.1 on June 6, 2016. The Insider selling transaction had a total value worth of $73,650. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Baker Hughes Incorporated (NYSE:BHI): stock turned positive on Monday. Though the stock opened at $45.62, the bulls momentum made the stock top out at $46.94 level for the day. The stock recorded a low of $45.501 and closed the trading day at $46.86, in the green by 2.05%. The total traded volume for the day was 2,316,898. The stock had closed at $45.92 in the previous days trading.

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals, and process and pipeline services. It conducts its operations through subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Companys Integrated Operations is focused on the execution of projects that have attributes, such as project management, well site supervision, well construction, intervention, third-party contractor management, procurement and rig management.

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