Large Outflow of Money Witnessed in Baker Hughes Incorporated

Baker Hughes Incorporated (NYSE:BHI) traded on a positive note gaining 0.71 points or 1.55% to be valued at $46.66 per share. Intraday, the shares aggregated $10.87 million in upticks but saw an exodus of $23.36 million in downticks. The net money flow was calculated to be $(-12.49) million with the final up/down ratio coming in at 0.47. The share price has seen a change of 1.57% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $11.62 million in downticks. The net money flow for the block exchange was disappointing at $(-11.62) Million.

Shares of Baker Hughes Incorporated rose by 1.89% in the last five trading days and 2.25% for the last 4 weeks. Baker Hughes Incorporated has dropped 0.96% during the last 3-month period . Year-to-Date the stock performance stands at 2.2%.

Currently the company Insiders own 0.6% of Baker Hughes Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -38.71% . Institutional Investors own 86.78% of Baker Hughes Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -38.71%. . On the companys insider trading activities,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) rose 1.87% or 0.86 points on Friday and made its way into the gainers of the day. After trading began at $46.39 the stock was seen hitting $47 as a peak level and $46.07 as the lowest level. The stock ended up at $46.81. The daily volume was measured at 3,116,468 shares. The 52-week high of the share price is $64.765 and the 52-week low is $37.58. The company has a market cap of $20,499 million.

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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