Baker Hughes Incorporated (BHI) : Baker Hughes Incorporated (BHI) had a healthy money flow of $1.15 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $20.49 million, whereas, investors only sold shares worth $19.33 million on downticks. The stock closed the day with an up-down ratio of 1.06.The money flow in the block trades to the tune of $-0.27 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.31 million worth of transactions were on upticks. A paltry $1.58 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 0.83. Baker Hughes Incorporated (BHI) stock slid $0.05 intraday and traded at 49.78, a change of -0.1% over previous days close. However, for the week, the company shares are -2.12% compared to previous weeks close.
The company Insiders own 0.6% of Baker Hughes Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -58.62% . Institutional Investors own 89.41% of Baker Hughes Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -69.05%.
In a related news,The officer (Vice President and Controller) of Baker Hughes Inc, Keifer Alan J sold 17,434 shares at $52.7 on August 19, 2016. The Insider selling transaction had a total value worth of $918,772. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Baker Hughes Incorporated (NYSE:BHI): stock was range-bound between the intraday low of $49.68 and the intraday high of $50.69 after having opened at $50.34 on Fridays session. The stock finally closed in the red at $50.34, a loss of -0.10%. The stock remained in the red for the whole trading day. The total traded volume was 2,879,345 shares. The stock failed to cross $50.69 in Fridays trading. The stocks closing price on Thursday was $49.83.
Baker Hughes Incorporated (BHI) has risen sharply, recording gains of 5.78% in the past 4 weeks. However, the stock has corrected -2.12% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.92% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals, and process and pipeline services. It conducts its operations through subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Companys Integrated Operations is focused on the execution of projects that have attributes, such as project management, well site supervision, well construction, intervention, third-party contractor management, procurement and rig management.