PACCAR (PCAR): $8.73 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 1.51. The value of trades done on upticks was $25.69 million, whereas, trades done on downticks were valued at $16.96 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $9.05 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $1.48 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 6.12 was strongly in favor of the bulls. The money flow in block trades was $7.57 million. PACCAR (PCAR) fell $0.34 traded at $59.21, a change of -0.57% over the previous day. The stock is -1.07% for the week.
The company Insiders own 2.62% of PACCAR shares according to the proxy statements. Institutional Investors own 62.52% of PACCAR shares.
In a related news, Christensen Robert J., CFO of Paccar Inc, executed a transaction worth $47,128 on May 4, 2016. A total of 849 shares were purchased at an average price of $55.51. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
PACCAR (NASDAQ:PCAR): stock was range-bound between the intraday low of $59.07 and the intraday high of $60 after having opened at $59.95 on Fridays session. The stock finally closed in the red at $59.95, a loss of -0.57%. The stock remained in the red for the whole trading day. The total traded volume was 2,525,051 shares. The stock failed to cross $60 in Fridays trading. The stocks closing price on Thursday was $59.55.
PACCAR (PCAR) has risen sharply, recording gains of 2.16% in the past 4 weeks. However, the stock has corrected -1.07% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.29% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
PACCAR Inc is a company operating in three principal industry segments: the Truck segment, includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, includes finance and leasing products and services provided to customers and dealers in the United States, Canada, Mexico, Europe and Australia. The Company also operates in Australia and Brazil, and sells trucks and parts to customers in Asia, Africa, Middle East and South America. The Companys trucks are marketed under the Kenworth, Peterbilt and DAF nameplates. It also manufactures industrial winches in two plants in the United States.