Large Outflow of Money Witnessed in NewMarket Corporation

NewMarket Corporation (NYSE:NEU) During the most recent session, the shares traded at 2.29 points or 0.57% higher at $404.84. The money flow data is unimpressive with the net money flow value of $(-4.87) million. As per the intraday data, the upticks measured $1.19 million and the downticks measured $6.06 million. As a result, the up/down ratio registered a value of 0.2. The shares have seen -0.48% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $4.85 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-4.85) million.

Shares of NewMarket Corporation rose by 0.22% in the last five trading days and 2.23% for the last 4 weeks. NewMarket Corporation is up 3.66% in the last 3-month period. Year-to-Date the stock performance stands at 7.54%.

Currently the company Insiders own 16.84% of NewMarket Corporation shares according to the proxy statements. Institutional Investors own 58.95% of NewMarket Corporation shares. . On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President Afton Chemical Corp) of Newmarket Corp, Shama Robert A. had sold 274 shares worth of $109,808 in a transaction dated November 17, 2015. In this transaction, 274 shares were sold at $400.76 per share.

NewMarket Corporation (NYSE:NEU) rose 0.88% or 3.54 points on Friday and made its way into the gainers of the day. After trading began at $402.27 the stock was seen hitting $408.395 as a peak level and $402.27 as the lowest level. The stock ended up at $406.09. The daily volume was measured at 74,704 shares. The 52-week high of the share price is $464.88 and the 52-week low is $322.535. The company has a market cap of $4,812 million.

NewMarket Corporation (NewMarket) is a holding company and is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). Each of its the Companys subsidiaries manages its own assets and liabilities. Afton encompasses the petroleum additives business, while Ethyl represents the sale of tetraethyl lead (TEL) in North America and certain petroleum additives manufacturing operations. NewMarket Development manages the property that it owns in Virginia. NewMarket Services provides various administrative services to NewMarket, Afton, Ethyl, and NewMarket Development. The Companys business consists of one segment, petroleum additives, which is primarily represented by Afton. The TEL business of Ethyl is reflected in the All other category. The All Other also includes contract manufacturing performed by Ethyl.

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.