Shares of PPG Industries (PPG) Sees Large Outflow of Money

PPG Industries (PPG) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (8.97 million) in PPG Industries (PPG). On Thursday, The value of composite uptick trades was $25.92 million, whereas, the value of composite downtick trades was $34.9 million and the ratio between the two was 0.74, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $9.6 million. $4.25 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.44. The negative money flow of ($5.35 million) shows selling on strength. PPG Industries (PPG) gained $0.06 intraday at $103.03 and registrered 0.06% for the week.


PPG Industries (PPG) : The most positive equity analysts on PPG Industries (PPG) expects the shares to touch $130, whereas, the least positive believes that the stock will trade at $110 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $122.64 with an expected fluctuation of $5.29 from the mean. The stock has recorded a 20-day Moving Average of 2.87% and the 50-Day Moving Average is 4.1%.

PPG Industries (NYSE:PPG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $103.28 and $102.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $103.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $103.03, notching a gain of 0.06% for the day. The total traded volume was 1,547,875 . The stock had closed at $102.97 on the previous day.

PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, architectural coatings-Americas and Asia Pacific, architectural coatings-EMEA, and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings, industrial coatings, packaging coatings, and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.