Shares of Parker-Hannifin Corporation (PH) Sees Large Outflow of Money

Parker-Hannifin Corporation (PH) : The value of composite uptick trades was $7.41 million, whereas, the value of composite downtick trades was $9.13 million. The uptick to downtick ratio stood at 0.81 with a negative money flow of ($1.72) Million during Thursdays trading session. The block trades money flow was negative ($1.11 million). The transaction of the trades on downticks amounted to $1.11 million, which confirms investors selling on the strength of price. Parker-Hannifin Corporation (PH) gained 58 cents at $108.97, an increase of 0.54% over the previous days close.


Parker-Hannifin Corporation (PH) : The highest level Parker-Hannifin Corporation (PH) is projected to reach is $126 for the short term and the lowest estimate is at $98. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $111.7 and the possibility the share price can swing is $10.2. The stock has recorded a 20-day Moving Average of 1.77% and the 50-Day Moving Average is 3.27%.

Parker-Hannifin Corporation (NYSE:PH): The stock opened at $108.45 on Thursday but the bulls could not build on the opening and the stock topped out at $109.56 for the day. The stock traded down to $107.46 during the day, due to lack of any buying support eventually closed down at $108.22 with a loss of -0.16% for the day. The stock had closed at $108.39 on the previous day. The total traded volume was 1,900,958 shares.

Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. The Companys manufacturing, service, sales, distribution and administrative facilities are located in the United States and in 49 other countries. Its products are supplied to approximately 450,000 customers in manufacturing, transportation and processing industry. The Company has two reporting segments: Diversified Industrial Segment products are made to original equipment manufacturers and their replacement markets in manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural and military machinery and equipment industries, and Aerospace Systems Segment products are made in the commercial and military aerospace markets to both original equipment manufacturers and to end users for spares, maintenance, repair and overhaul.

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