Shares of Illinois Tool Works (ITW) Sees Large Outflow of Money

Illinois Tool Works (ITW) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (3.61 million) in Illinois Tool Works (ITW). On Thursday, The value of composite uptick trades was $25.29 million, whereas, the value of composite downtick trades was $28.91 million and the ratio between the two was 0.87, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $2.75 million. $2.05 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.75. The negative money flow of ($0.69 million) shows selling on strength. Illinois Tool Works (ITW) gained $0.43 intraday at $111.02 and registrered 0.39% for the week.


The stock has recorded a 20-day Moving Average of 5.68% and the 50-Day Moving Average is 5.91%. Shares have rallied 15.92% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $109.54 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $105.62 and the 200 Day Moving Average price is recorded at $98.95.

Illinois Tool Works (NYSE:ITW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $111.45 and $111.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $111.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $111.05, notching a gain of 0.42% for the day. The total traded volume was 1,322,145 . The stock had closed at $110.59 on the previous day.

In an insider trading activity, The officer (Vice Chairman), of Illinois Tool Works Inc, Parry David C had unloaded 10,000 shares at $104.35 per share in a transaction on May 16, 2016. The total value of transaction was $1,043,500. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Companys operates in seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. These operations serve end markets as automotive original equipment manufacturers/tiers, automotive aftermarket, general industrial, commercial food equipment and construction. It produces components and fasteners for automotive-related applications; equipment, consumables and related software; commercial food equipment, adhesives, sealants, lubrication and cutting fluids; arc welding equipment, consumables and accessories; construction fastening systems and truss products, and beverage packaging equipment and consumables. The Company operates approximately 90 divisions in 57 countries.

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