Shares of Mohawk Industries (MHK) Sees Large Inflow of Net Money Flow

Mohawk Industries (MHK) : Fridays money flow data in Mohawk Industries (MHK) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $32.16 million, whereas, $15.4 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.09, in favor of the bulls. The total money flow into the stock was $16.76 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $12.1 million. The total value of block trades done on upticks was $12.1 million. Mohawk Industries (MHK) fell $0.03 and traded at $212.75, down -0.01% for the day, over previous days close. On a weekly basis, the shares are 1.46% over the previous weeks close.


The company Insiders own 17.1% of Mohawk Industries shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.63% . Institutional Investors own 78.72% of Mohawk Industries shares. During last six month period, the net percent change held by insiders has seen a change of -6.65%.

In a related news, The Securities and Exchange Commission has divulged that Patton Rodney David, officer (VP-Business Strategy and GC) of Mohawk Industries Inc, had unloaded 1,555 shares at an average price of $212.5 in a transaction dated on August 31, 2016. The total value of the transaction was worth $330,438.

Mohawk Industries (NYSE:MHK): The stock opened at $213.99 and touched an intraday high of $214.56 on Friday. During the day, the stock corrected to an intraday low of $212.99, however, the bulls stepped in and pushed the price higher to close in the green at $213.97 with a gain of 0.57% for the day. The total traded volume for the day was 300,657. The stock had closed at $212.75 in the previous trading session.

Mohawk Industries (MHK) : Traders are bullish on Mohawk Industries (MHK) as it has outperformed the S&P 500 by a wide margin of 0.11% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.53%, relative to the S&P 500. The stock has risen by 2.04% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.02% in the past 4 weeks.

Mohawk Industries, Inc. is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company operates in three segments: the Carpet segment, the Ceramic segment, and the Laminate and Wood segment. The Carpet segment designs, manufactures, sources, distributes and markets its carpet and rug product lines in a range of colors, textures and patterns for residential and commercial applications. The Ceramic segment designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products. The Laminate and Wood segment designs, manufactures, sources, licenses, distributes and markets laminate and hardwood flooring. Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring. Its brands include American Olean, Bigelow, Daltile, Durkan, Karastan, Kerama Marazzi, Lees, Marazzi, Mohawk, Pergo, Quick-Step and Unilin.

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