Large Outflow of Money Witnessed in B/E Aerospace

B/E Aerospace (BEAV) : Money flow in the B/E Aerospace (BEAV) stock was negative (7.38 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $11.01 million, compared to $18.39 million on downticks. The total uptick to downtick ratio was 0.6, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($7.65 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $7.65 million, indicating persistent selling. B/E Aerospace (BEAV) traded $0.69 higher at $51.24 gaining 1.36% over the previous days close.


The company Insiders own 0.54% of B/E Aerospace shares according to the proxy statements. Institutional Investors own 98.18% of B/E Aerospace shares. During last six month period, the net percent change held by insiders has seen a change of -2.8%.

In a related news, The Securities and Exchange Commission has divulged that Patch Ryan M, officer (VP,General Counsel & Secretary) of B/E Aerospace Inc, had unloaded 950 shares at an average price of $47.58 in a transaction dated on May 27, 2016. The total value of the transaction was worth $45,201.

B/E Aerospace (NASDAQ:BEAV): The stock opened at $51.62 and touched an intraday high of $52.12 on Friday. During the day, the stock corrected to an intraday low of $51.36, however, the bulls stepped in and pushed the price higher to close in the green at $52.12 with a gain of 1.72% for the day. The total traded volume for the day was 848,937. The stock had closed at $51.24 in the previous trading session.

B/E Aerospace (BEAV) : Traders are bullish on B/E Aerospace (BEAV) as it has outperformed the S&P 500 by a wide margin of 9.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.51%, 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 4.03% in the last 1 week, and is up 9.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

B/E Aerospace, Inc. is a manufacturer of cabin interior products for commercial aircraft and business jets. The Company sells its products and provides services directly to various airlines and aerospace manufacturers across the world. The Company operates through two segments: commercial aircraft (CAS) and business jet (BJS). The Companys commercial aircraft (CAS) segment offers a range of seating products, oxygen delivery systems, coffee makers and water boilers, ovens, and refrigeration equipment, modular lavatory, wastewater and galley systems, and also provides engineering, design, integration, installation and certification services. The Companys business jet segment offers a range of furnishings and interior packages for business jets.

Comments (0)

Leave a Reply

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

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.