Large Outflow of Money Witnessed in Rio Tinto Plc

Rio Tinto Plc (RIO): The stock had negative money flow to the tune of ($3.93 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $14.92 million, whereas, the outflow of money on downticks was $18.85 million and the ratio between the two was 0.79. The block trade had a negative net money flow of ($1.92 million). The total block trade value undertaken on upticks was $0.93 million. On the other hand, downticks amounted to $2.85 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.33. Rio Tinto Plc (RIO) closed with marginal gains of 25 cents to end the day at $31.03, an increase of 0.81% over the previous days close. The stock recorded -1.62% for the week.


Institutional Investors own 7.09% of Rio Tinto Plc shares.

Rio Tinto Plc (NYSE:RIO): The stock opened at $31.39 and touched an intraday high of $31.43 on Friday. During the day, the stock corrected to an intraday low of $30.7, however, the bulls stepped in and pushed the price higher to close in the green at $31.13 with a gain of 1.14% for the day. The total traded volume for the day was 5,074,758. The stock had closed at $30.78 in the previous trading session.

Rio Tinto Plc (RIO) : During the past 4 weeks, traders have been relatively bearish on Rio Tinto Plc (RIO), hence the stock is down -4.79% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.8% relative to the S&P 500. The 4-week change in the price of the stock is -4.92% and the stock has fallen -1.3% in the past 1 week.

Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earths mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters. The Companys copper core properties include Rio Tinto Kennecott, Oyu Tolgoi, Escondida and Grasberg. Rio Tinto Kennecott supplies approximately 20% of United States refined copper requirements, and is a mining, concentrating, smelting and refining operations property. Rio Tinto Diamonds is a diamond producer, engaged in mining, manufacturing, selling and marketing diamonds. Rio Tintos Energy product group produces coal and uranium. Rio Tinto operates iron ore portfolio. Exploration joint ventures were established in Canada, the United States, Chile, Mexico and Australia.

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