Large Outflow of Money Witnessed in Kaiser Aluminum Corporation

Kaiser Aluminum Corporation (NASDAQ:KALU) traded on a positive note gaining 0.68 points or 0.78% to be valued at $87.76 per share. Intraday, the shares aggregated $0.01 million in upticks but saw an exodus of $3.34 million in downticks. The net money flow was calculated to be $(-3.33) million with the final up/down ratio coming in at 0. The share price has seen a change of 0.14% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $3.34 million in downticks. The net money flow for the block exchange was disappointing at $(-3.34) Million.

Kaiser Aluminum Corporation has dropped 0.16% in the last five trading days, however, the shares have posted positive gains of 3.71% in the last 4 weeks. Kaiser Aluminum Corporation is up 5.14% in the last 3-month period. Year-to-Date the stock performance stands at 5.77%.

Currently the company Insiders own 2.8% of Kaiser Aluminum Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.78% . Institutional Investors own 98.26% of Kaiser Aluminum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -22.82%. . On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & CFO) of Kaiser Aluminum Corp, Rinkenberger Daniel J had sold 803 shares worth of $72,310 in a transaction dated May 5, 2016. In this transaction, 803 shares were sold at $90.05 per share.

Kaiser Aluminum Corporation (NASDAQ:KALU) rose 0.48% or 0.42 points on Friday and made its way into the gainers of the day. After trading began at $86.82 the stock was seen hitting $87.76 as a peak level and $86.82 as the lowest level. The stock ended up at $87.5. The daily volume was measured at 192,892 shares. The 52-week high of the share price is $96.06 and the 52-week low is $70.14. The company has a market cap of $1,574 million.

Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products. The Company manufactures rolled, extruded and drawn aluminum products to serve fits end market applications, such as aerospace and high strength products (Aero/HS products), extrusions for automotive applications (Automotive Extrusions), general engineering products (GE products) and other industrial products (Other products). The Company operates around 11 production facilities in the United States and one in Canada. Its Fabricated Products segment produces rolled, extruded and drawn aluminum products for aerospace and defense, automotive, consumer durables, electronics, electrical and machinery and equipment applications. Its Aero/HS products include heat treat plate and sheet, as well as cold finish rod and bar, seamless drawn tube, hard alloy extrusions and billet that are manufactured for the global aerospace and defense industries.

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