Large Outflow of Money Witnessed in Leggett & Platt Incorporated

Leggett & Platt Incorporated (NYSE:LEG) During the most recent session, the shares traded at 0.02 points or 0.04% higher at $49.98. The money flow data is unimpressive with the net money flow value of $(-4.18) million. As per the intraday data, the upticks measured $1.68 million and the downticks measured $5.86 million. As a result, the up/down ratio registered a value of 0.29. The shares have seen -0.36% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $3.93 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-3.93) million.

Shares of Leggett & Platt, Incorporated rose by 0.5% in the last five trading days and 3.92% for the last 4 weeks. Leggett & Platt, Incorporated is up 4.74% in the last 3-month period. Year-to-Date the stock performance stands at 20.81%.

Currently the company Insiders own 3.92% of Leggett & Platt Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.51% . Institutional Investors own 69.5% of Leggett & Platt Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -3.77%. . On the companys insider trading activities, Flanigan Matthew C, director officer (Executive Vice President – CFO) of Leggett & Platt Inc, unloaded 20,000 shares at an average price of $51.01 on June 3, 2016. The total amount of the transaction was worth $1,020,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Leggett & Platt Incorporated (NYSE:LEG) rose 0.22% or 0.11 points on Friday and made its way into the gainers of the day. After trading began at $49.88 the stock was seen hitting $50.2678 as a peak level and $49.86 as the lowest level. The stock ended up at $50.07. The daily volume was measured at 928,068 shares. The 52-week high of the share price is $51.28 and the 52-week low is $36.64. The company has a market cap of $6,726 million.

Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings segment, which manufactures steel coiled bedsprings; Commercial Fixturing & Components segment, which include work furniture group that designs, manufactures, and distributes a range of engineered components and products primarily for the office seating market; Industrial Materials segment consists of wire group, which operates a steel rod mill and tubing group, which supplies welded steel tubing and Specialized Products segment designs, manufactures and sells products, including automotive seating components, specialized machinery and equipment, and service van interiors. Its brands include Semi-Flex, ComfortCore, Mira-Coil, Lura-Flex, Superlastic, Super Sagless, Tack & Jump, Schukra, Gribetz, Masterack and Hanes, among others.

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