Large Outflow of Money Witnessed in Beacon Roofing Supply

Beacon Roofing Supply (BECN) : Money flow in the Beacon Roofing Supply (BECN) stock was negative (1.75 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $1.37 million, compared to $3.11 million on downticks. The total uptick to downtick ratio was 0.44, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.69 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.69 million, indicating persistent selling. Beacon Roofing Supply (BECN) traded $0.01 higher at $48.26 gaining 0.02% over the previous days close.


Beacon Roofing Supply, Inc. is up 7.7% in the last 3-month period. Year-to-Date the stock performance stands at 16.49%. Beacon Roofing Supply, Inc. has dropped 0.7% in the last five trading days, however, the shares have posted positive gains of 13.08% in the last 4 weeks. In a related news, The officer (Executive Vice President, GC), of Beacon Roofing Supply Inc, Cooper Ross D had unloaded 8,403 shares at $47.5 per share in a transaction on July 7, 2016. The total value of transaction was $399,143. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Beacon Roofing Supply (NASDAQ:BECN): On Mondays trading session , Opening price of the stock was $48.37 with an intraday high of $48.51. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $47.86. However, the stock managed to close at $47.97, a loss of 0.58% for the day. On the previous day, the stock had closed at $48.25. The total traded volume of the day was 363,862 shares.

Beacon Roofing Supply, Inc. is engaged in distributing residential and non-residential roofing materials in the United States and Canada. The Company also distributes other complementary building materials, including siding, windows, specialty lumber products and waterproofing systems for residential and nonresidential building exteriors. As of September 30, 2013, the Company operated 236 branches in 39 states and six Canadian provinces, carrying up to 11,000 stock keeping units (SKUs). It is a distributor of roofing materials in metropolitan markets in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada. The Companys customer base consists of more than 47,000 contractors, home builders, building owners, and other resellers primarily in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada.

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