Shares of Nortek (NTK) Sees Large Outflow of Money

Nortek (NTK) : Money flow in the Nortek (NTK) stock was negative (8.3 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $9.11 million, compared to $17.41 million on downticks. The total uptick to downtick ratio was 0.52, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($7.77 million), indicating selling on the strength. The transaction value during uptick in block trades was $3.06 million. Downtick transaction value in block trades amounted to $10.83 million, indicating persistent selling. The uptick to downtick ratio was 0.28. Nortek (NTK) traded $0.17 higher at $86.75 gaining 0.2% over the previous days close.


Nortek (NTK) : Average target price received by Nortek (NTK) is $78.33 with an expected standard deviation of $21.55. The most aggressive target on the stock is $95, whereas the most downbeat target is $54. 3 financial analysts are currently covering the stock. The stock has recorded a 20-day Moving Average of 59.16% and the 50-Day Moving Average is 71.28%.

Nortek (NASDAQ:NTK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $86.50 and $86.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $86.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $86.75, notching a gain of 0.20% for the day. The total traded volume was 604,774 . The stock had closed at $86.58 on the previous day.

Nortek, Inc. (Nortek) is a diversified company delivering technology-driven products and solutions for lifestyle improvement at home and at work. The Companys segments include: the Air Quality and Home Solutions (AQH); the Security and Control Solutions (SCS); the Ergonomic and Productivity Solutions (ERG); the Residential and Commercial HVAC (RCH); the Custom and Commercial Air Solutions (CAS), and Audio, Video and Control Solutions segments (AVC). Through its segments, the Company manufactures and sells in the United States, Canada, and Europe, with additional manufacturing in China and Mexico, a variety of products for the remodeling and replacement markets, the residential and commercial new construction markets, and the personal and enterprise computer markets.

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