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

Mohawk Industries (MHK) : Mondays 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 $26.49 million, whereas, $16.84 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.57, in favor of the bulls. The total money flow into the stock was $9.66 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $9.36 million. The total value of block trades done on upticks was $9.36 million. Mohawk Industries (MHK) fell $0.2 and traded at $199.76, down -0.1% for the day, over previous days close. On a weekly basis, the shares are 2.86% over the previous weeks close.


Mohawk Industries Inc. is up 0.88% in the last 3-month period. Year-to-Date the stock performance stands at 5.48%. Shares of Mohawk Industries Inc. rose by 1.99% in the last five trading days and 3.6% for the last 4 weeks. In a related news, The Securities and Exchange Commission has divulged that Wellborn Chistopher, director officer (President and COO) of Mohawk Industries Inc, had unloaded 10,236 shares at an average price of $200 in a transaction dated on June 7, 2016. The total value of the transaction was worth $2,047,200.

Mohawk Industries (NYSE:MHK): On Mondays trading session , Opening price of the stock was $200.63 with an intraday high of $200.825. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $199.14. However, the stock managed to close at $199.76, a loss of 0.10% for the day. On the previous day, the stock had closed at $199.96. The total traded volume of the day was 377,898 shares.

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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