Large Outflow of Money Witnessed in First Majestic Silver

First Majestic Silver (AG) : Money flow in the First Majestic Silver (AG) stock was negative (4.53 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 $19.55 million, compared to $24.08 million on downticks. The total uptick to downtick ratio was 0.81, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($6.09 million), indicating selling on the strength. The transaction value during uptick in block trades was $0.59 million. Downtick transaction value in block trades amounted to $6.68 million, indicating persistent selling. The uptick to downtick ratio was 0.09. First Majestic Silver (AG) traded $0.59 higher at $12.38 gaining 5% over the previous days close.


The company Insiders own 0.85% of First Majestic Silver shares according to the proxy statements. Institutional Investors own 37.08% of First Majestic Silver shares.

First Majestic Silver (NYSE:AG): The stock opened at $12.1 and touched an intraday high of $12.47 on Friday. During the day, the stock corrected to an intraday low of $11.975, however, the bulls stepped in and pushed the price higher to close in the green at $12.37 with a gain of 4.92% for the day. The total traded volume for the day was 9,636,148. The stock had closed at $11.79 in the previous trading session.

First Majestic Silver (AG) : During the past 4 weeks, traders have been relatively bearish on First Majestic Silver (AG), hence the stock is down -30.53% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -6.69% relative to the S&P 500. The 4-week change in the price of the stock is -30.62% and the stock has fallen -6.22% in the past 1 week.

First Majestic Silver Corp is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. The Company has eight segments, including five operating segments located in Mexico, one development project in Mexico, one retail market segment in Canada and one silver trading segment in Europe. Corporate and eliminations consists primarily of the Companys other exploration properties. All of the Companys operations are within the mining industry and its products are silver dore, silver?lead and silver?zinc concentrates. Its mine and properties include La Encantada Silver Mine, La Parrilla Silver Mine, Del Toro Silver Mine, San Martin Silver Mine, La Guitarra Silver Mine, La Luz Silver Project, Plomosas Silver Project and Jalisco Group of Properties. It other properties include the Penasco Quemado Silver Project, the La Frazada Silver Project and the Los Lobos Silver Project in the State of Sonora.

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