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

Mohawk Industries (MHK) : $33.3 million worth of transactions were on upticks in Mohawk Industries (MHK), compared to $28.65 million on downticks. The ratio between the two was 1.16, whereas, the net money flow stood at a healthy $4.65 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $2.46million worth of trades. The total money flow into the stock stood at $2.46 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.64%. The stock was trading at $201.57, with a drop of $1.3 over the previous days close. The stock recorded -2.03% for the week.


Mohawk Industries Inc. has lost 2.37% in the last five trading days and dropped 4.6% in the last 4 weeks. Mohawk Industries Inc. is up 7.06% in the last 3-month period. Year-to-Date the stock performance stands at 6.4%.

Mohawk Industries (MHK) has an average broker rating of 1.33, which is interpreted as a Strong Buy, as rated by 9 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Mohawk Industries (NYSE:MHK): stock was range-bound between the intraday low of $199.705 and the intraday high of $202.94 after having opened at $202.94 on Wednesdays session. The stock finally closed in the red at $202.94, a loss of -0.67%. The stock remained in the red for the whole trading day. The total traded volume was 692,232 shares. The stock failed to cross $202.94 in Wednesdays trading. The stocks closing price on Thursday was $202.87.

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.

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.