Large Outflow of Money Witnessed in G&K Services

G&K Services (GK) : Net money flow in G&K Services (GK) was negative ($1.49 million) and the inflow of money on uptick was $2.51 million, whereas, the outflow of money on downticks amounted to $4 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.63. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $0.96 million. The money flow in block trades was negative ($0.96). G&K Services (GK) gained $0.07 cent during the day and reached $95.96, a gain of 0.07% over the previous day.

G&K

G&K Services Inc. has lost 0.9% in the last five trading days and dropped 1.09% in the last 4 weeks. G&K Services Inc. is up 28.46% in the last 3-month period. Year-to-Date the stock performance stands at 54.65%.

G&K Services (GK) : Zacks Investment Research ranks G&K Services (GK) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.75, which indicates as a Hold.

G&K Services (NASDAQ:GK): stock was range-bound between the intraday low of $95.49 and the intraday high of $96.16 after having opened at $95.97 on Wednesdays session. The stock finally closed in the red at $95.97, a loss of -0.02%. The stock remained in the red for the whole trading day. The total traded volume was 342,751 shares. The stock failed to cross $96.16 in Wednesdays trading. The stocks closing price on Thursday was $95.89.

G&K Services, Inc. is a service-focused market leader of branded uniform and facility services programs. The Companys facility products and services include floor mats, towels, mops and restroom hygiene products. The Company serves customers in industries including automotive, warehousing, distribution, transportation, energy, manufacturing, food processing, pharmaceutical, retail, restaurants, hospitality, government, healthcare and others. The Company provides service to customers of every size, from Fortune 100 companies to small and midsize firms. The Company offers facility services programs that provide dust control, maintenance, hand care and hygiene products and services. These programs include floor mat offerings such as traction control, logo, message, scraper, anti-fatigue; towel products such as shop, kitchen, bar, bath, dish, continuous roll, microfiber; mop offerings such as dust, microfiber, wet; fender covers, selected linen items and restroom hygiene products.

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.