Large Outflow of Money Witnessed in Lincoln Electric Holdings

Lincoln Electric Holdings (NASDAQ:LECO) managed to stay afloat and traded higher with an addition of 0.44 point or 0.74% at $60.08. The money flow data is a negative $(-4.81) million with $1.37 million in upticks and $6.18 million in downticks. The intraday up/down ratio came in at 0.22. The shares have seen -0.58% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $4.8, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-4.8) million.

Lincoln Electric Holdings Inc. has dropped 0.71% in the last five trading days, however, the shares have posted positive gains of 1.71% in the last 4 weeks. Lincoln Electric Holdings Inc. is up 1.19% in the last 3-month period. Year-to-Date the stock performance stands at 16.28%.

Currently the company Insiders own 3.27% of Lincoln Electric Holdings shares according to the proxy statements. Institutional Investors own 63.94% of Lincoln Electric Holdings shares. . On the companys insider trading activities,The director of Lincoln Electric Holdings Inc, Lincoln G Russell sold 4,167 shares at $60.81 on November 6, 2015. The Insider selling transaction had a total value worth of $253,395. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Lincoln Electric Holdings (NASDAQ:LECO) rose 0.6% or 0.36 points on Friday and made its way into the gainers of the day. After trading began at $59.63 the stock was seen hitting $60.48 as a peak level and $59.56 as the lowest level. The stock ended up at $60. The daily volume was measured at 703,677 shares. The 52-week high of the share price is $64.79 and the 52-week low is $45.54. The company has a market cap of $4,128 million.

Lincoln Electric Holdings, Inc. is a manufacturer of welding, cutting and brazing products. Welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company operates in five segments: North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The Companys product offering also includes computer numeric controlled (CNC) plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting and brazing. In addition, the Company is also engaged in brazing and soldering alloys activities. The Company has, through wholly owned subsidiaries or joint ventures, manufacturing facilities located in the United States, Brazil, Canada, China, Colombia, France, Germany, India, Indonesia, Italy, Mexico, the Netherlands, Poland, Portugal, Russia, Turkey, the United Kingdom and Venezuela.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *