Large Outflow of Money Witnessed in United Technologies Corporation

United Technologies Corporation (UTX) : Money flow in the United Technologies Corporation (UTX) stock was negative (4.49 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $44.79 million, compared to $49.28 million on downticks. The total uptick to downtick ratio was 0.91, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($5.63 million), indicating selling on the strength. The transaction value during uptick in block trades was $1.13 million. Downtick transaction value in block trades amounted to $6.76 million, indicating persistent selling. The uptick to downtick ratio was 0.17. United Technologies Corporation (UTX) traded $0.1 higher at $102.45 gaining 0.09% over the previous days close.


Shares of United Technologies Corporation appreciated by 0.38% during the last five trading days but lost 5.21% on a 4-week basis. United Technologies Corporation is up 2.49% in the last 3-month period. Year-to-Date the stock performance stands at 8.7%.

United Technologies Corporation (UTX) : 6 brokerage houses believe that United Technologies Corporation (UTX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on United Technologies Corporation (UTX). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 2.18.

United Technologies Corporation (NYSE:UTX): The stock was completely flat for the day, closing at $102.35 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $102.68, the stock touched an intraday high of $102.87 and a low of $101.67. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $102.35. The total trading volume on Wednesday was 5,010,726.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.

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