Shares of Newmont Mining Corporation (NEM) Sees Large Outflow of Money

Newmont Mining Corporation (NEM) : The total money flow in Newmont Mining Corporation (NEM) was negative ($5.87 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $45.75 million. In comparison, the inflow of money into the stock on upticks was $39.89 million. The uptick to downtick ratio was 0.87. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $10.56 million. The value of transactions on uptick was $3.7 million. The negative money flow of ($6.86 million) confirms the selling in Newmont Mining Corporation (NEM) on strength. The uptick to downtick ratio of block trades was 0.35. Newmont Mining Corporation (NEM) gained $0.73 at $41.61, a gain of 1.79% over the previous days close. However, the stock registered 1.14% in the week.


The stock has recorded a 20-day Moving Average of 8.99% and the 50-Day Moving Average is 17.01%. Shares have rallied 85.37% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $41.46 and the one year low was seen on Aug 26, 2015. The 50-Day Moving Average price is $36.08 and the 200 Day Moving Average price is recorded at $28.50.

Newmont Mining Corporation (NYSE:NEM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.16 and $39.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.62, notching a gain of 1.81% for the day. The total traded volume was 7,146,424 . The stock had closed at $40.88 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Mahoney Thomas P, officer (Vice President and Treasurer) of Newmont Mining Corp /De/, had unloaded 692 shares at an average price of $26.05 in a transaction dated on May 1, 2015. The total value of the transaction was worth $18,027.

Newmont Mining Corporation (Newmont) is a global mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Suriname. The Companys business segments include North America, South America, Asia Pacific and Africa. The Companys North America segment consists primarily of Carlin, Phoenix, CC&V and Twin Creeks in the state of Nevada in the United States. The Companys South America segment consists primarily of Yanacocha in Peru. The Companys Asia Pacific segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia, and Batu Hijau in Indonesia. The Companys Africa segment consists primarily of Ahafo and Akyem in Ghana. The Companys product at its gold operations is dore bars. Dore is an alloy consisting primarily of gold, as well as silver and other metals.

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