Large Outflow of Money Witnessed in Silver Wheaton Corp

Silver Wheaton Corp (SLW) : Money flow in the Silver Wheaton Corp (SLW) stock was negative (4.73 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $28.61 million, compared to $33.34 million on downticks. The total uptick to downtick ratio was 0.86, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($4.39 million), indicating selling on the strength. The transaction value during uptick in block trades was $0.62 million. Downtick transaction value in block trades amounted to $5.01 million, indicating persistent selling. The uptick to downtick ratio was 0.12. Silver Wheaton Corp (SLW) traded $0.91 higher at $26.24 gaining 3.59% over the previous days close.


Institutional Investors own 51.47% of Silver Wheaton Corp shares.

Silver Wheaton Corp (NYSE:SLW): The stock opened at $27.09 and touched an intraday high of $27.487 on Friday. During the day, the stock corrected to an intraday low of $26.68, however, the bulls stepped in and pushed the price higher to close in the green at $27.44 with a gain of 4.57% for the day. The total traded volume for the day was 7,447,561. The stock had closed at $26.24 in the previous trading session.

Silver Wheaton Corp (SLW) has been under a strong bear grip, hence the stock is down -4.63% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.79% in the past 1 week. The stock has risen by 3.31% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.76% in the past 4 weeks.

Silver Wheaton Corp. (Silver Wheaton) is a Canada-based mining company. The Company is engaged in pure precious metals streaming and generates its revenues from the sale of silver and gold. As of December 31, 2014, Silver Wheaton had entered into 18 long-term purchase agreements and one early deposit long-term purchase agreement associated with silver and gold (precious metal purchase agreements), relating to 27 different mining assets, whereby Silver Wheaton acquired silver and gold production from the counterparties for a per ounce cash payment which was fixed by contract, generally at or below the prevailing market price. As of December 31, 2014, gold and silver interests owned by Silver Wheaton included San Dimas and Penasquito in Mexico; Yauliyacu, Lagunas Norte and Pierina in Peru; 777, Canada; Salobo, Brazil; Sudbury and Minto in Canada; Veladero, Argentina; Zinkgruvan, Sweden, and Neves-Corvo and Aljustrel in Portugal.

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