Shares of Ashland (ASH) Sees Large Inflow of Net Money Flow

Ashland (ASH) : On Wednesday, The money flowed into the Ashland (ASH) stock with an uptick to downtick ratio was recorded at 1.39. Transactions worth $31.07 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $22.28 million. The total money flow into the stock was $8.79 million. The block trades reveal a bullish bias with an up-down ratio of 7.38. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $11.53 million of block transactions on upticks. The value of block trades on downticks was $1.56 million, indicating lower selling interest. The total money flow in block trades was $9.97 million. In terms of price action, Ashland (ASH) traded down $0.25 during the session at $117.24. Compared to the previous days closing, the stock was down only by -0.21%. For the week, the stock is -0.83%, over previous weeks closing.


Ashland Inc. has dropped 4.64% in the last five trading days, however, the shares have posted positive gains of 0.52% in the last 4 weeks. Ashland Inc. is up 4.86% in the last 3-month period. Year-to-Date the stock performance stands at 15.75%.

Ashland (ASH) : The consensus on Ashland (ASH) based on 5 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

Ashland (NYSE:ASH): The stock opened at $117.56 and touched an intraday high of $119.67 on Wednesday. During the day, the stock corrected to an intraday low of $115.73, however, the bulls stepped in and pushed the price higher to close in the green at $117.58 with a gain of 0.08% for the day. The total traded volume for the day was 1,145,814. The stock had closed at $117.49 in the previous trading session.

Ashland Inc. (Ashland) is a specialty chemical company that provides products, services and solutions to industries. The Companys segments are: Ashland Specialty Ingredients offers products, technologies and resources in key markets including personal and home care, pharmaceutical, food and beverage, coatings, construction, energy and other industries; Ashland Water Technologies is a supplier of specialty chemicals and services to the pulp, paper, mining, food and beverage, power generation, refining, chemical processing, general manufacturing and municipal markets. Ashland Performance Materials helps customers to create substitutes for traditional materials through higher performing, cost-efficient resin and adhesive technologies that improve the manufacturing, fabrication and design process, and Ashland Consumer Markets delivers premium-branded automotive, commercial and industrial lubricants, automotive chemicals and car-care products.

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