Shares of Martin Marietta Materials (MLM) Sees Large Outflow of Money

Martin Marietta Materials (MLM) : Net money flow in Martin Marietta Materials (MLM) was negative ($7.81 million) and the inflow of money on uptick was $35.06 million, whereas, the outflow of money on downticks amounted to $42.87 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.82. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $10.03 million. The money flow in block trades was negative ($10.03). Martin Marietta Materials (MLM) gained $0.4 cent during the day and reached $195.32, a gain of 0.21% over the previous day.


Martin Marietta Materials (MLM) : Currently there are 7 street experts covering Martin Marietta Materials (MLM) stock. The most bullish and bearish price target for the stock is $205 and $166 respectively for the short term. The average price target of all the analysts comes to $189.43. The estimated standard deviation from the target is $15.56. The stock has recorded a 20-day Moving Average of 5.18% and the 50-Day Moving Average is 6.2%.

Martin Marietta Materials (NYSE:MLM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $195.03 and $193.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $195.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $195.35, notching a gain of 0.22% for the day. The total traded volume was 757,568 . The stock had closed at $194.92 on the previous day.

Martin Marietta Materials, Inc. is a supplier of aggregates products (crushed stone, sand, and gravel) and heavy building materials (cement) for the construction industry, including infrastructure, non-residential, residential, railroad ballast, agricultural and chemical grade stone used in environmental applications. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Companys Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. The Companys Cement Business is engaged in producing Portland and specialty cements, such as masonry and oil well cements. The Companys Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.

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