Shares of Belden Inc (BDC) Sees Large Outflow of Money

Belden Inc (BDC) : Money flow in the Belden Inc (BDC) stock was negative (1.97 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $1.2 million, compared to $3.17 million on downticks. The total uptick to downtick ratio was 0.38, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.52 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $2.52 million, indicating persistent selling. Belden Inc (BDC) traded $1.31 higher at $69.42 gaining 1.92% over the previous days close.


The stock has recorded a 20-day Moving Average of 12.2% and the 50-Day Moving Average is 11.19%. Shares have dropped -16.60% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $77.93 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $62.47 and the 200 Day Moving Average price is recorded at $56.06.

Belden Inc (NYSE:BDC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.50 and $67.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.18, notching a gain of 1.57% for the day. The total traded volume was 548,252 . The stock had closed at $68.11 on the previous day.

In an insider trading activity, The officer (SVP, Bus. Dev. & Strategy), of Belden Inc., Rosenberg Ross had unloaded 713 shares at $59.25 per share in a transaction on March 18, 2016. The total value of transaction was $42,245. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Belden Inc. is a signal transmission solutions provider. The Companys portfolio of signal transmission solutions provides industry secure and reliable transmission of data, sound, and video for mission critical applications. The Company operates in four segments: Broadcast Solutions, which provides production, distribution, and connectivity systems for television broadcast, cable, satellite and IPTV industries; Enterprise Connectivity Solutions, which provides network infrastructure solutions for enterprise customers; Industrial Connectivity Solutions, which provides infrastructure components and connectivity systems for a range of industrial automation applications and Industrial IT Solutions, which provides mission-critical networking systems. Its brands include Belden, Alpha Wire, Mohawk, West Penn Wire, Hirschmann, SignalTight, GarrettCom, Poliron, Tofino, PPC, Grass Valley, ProSoft Technology and Tripwire. It sells products to distributors, end-users, installers and OEMs.

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