Shares of Core Molding Technologies Inc (CMT) Sees Large Inflow of Net Money Flow

Core Molding Technologies Inc (CMT) : Fridays money flow data in Core Molding Technologies Inc (CMT) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $0.29 million, whereas, $0.13 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.23, in favor of the bulls. The total money flow into the stock was $0.16 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0 million. The total value of block trades done on upticks was $0 million. Core Molding Technologies Inc (CMT) fell $0.26 and traded at $14.73, down -1.73% for the day, over previous days close. On a weekly basis, the shares are 6.28% over the previous weeks close.


The company Insiders own 5.8% of Core Molding Technologies Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.33% . Institutional Investors own 60.18% of Core Molding Technologies Inc shares. During last six month period, the net percent change held by insiders has seen a change of 9.63%.

In a related news, The director, of Core Molding Technologies Inc, Crowley James F had unloaded 1,550 shares at $14.68 per share in a transaction on August 25, 2016. The total value of transaction was $22,754. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Core Molding Technologies Inc (NYSEMKT:CMT): The stock opened at $14.95 and touched an intraday high of $15.32 on Friday. During the day, the stock corrected to an intraday low of $14.46, however, the bulls stepped in and pushed the price higher to close in the green at $15.16 with a gain of 1.13% for the day. The total traded volume for the day was 157,785. The stock had closed at $14.99 in the previous trading session.

Core Molding Technologies Inc (CMT) has been under a strong bear grip, hence the stock is down -7.21% 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 8.83% in the past 1 week. The stock has risen by 9.38% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.34% in the past 4 weeks.

Core Molding Technologies, Inc. (Core Molding Technologies) is a plastic manufacturing company. The Company along with its subsidiaries operates in the plastics market in a family of products known as reinforced plastics. Core Molding Technologies is a manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics. It is engaged in large-format moldings and offers a range of fiberglass processes, including compression molding of SMC, glass mat thermoplastics (GMT) and bulk molding compounds (BMC), spray-up, hand-lay-up, and resin transfer molding (RTM). Additionally, the Company offers reaction injection molding (RIM), utilizing dicyclopentadiene technology. Core Molding Technologies operates four production facilities in Columbus, Ohio; Batavia, Ohio; Gaffney, South Carolina, and Matamoros, Mexico. The Company supplies reinforced plastic products to truck manufacturers, automotive suppliers, and manufacturers of marine and other commercial products.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.