Shares of Sherwin-Williams Company (The) (SHW) Sees Large Outflow of Money

Sherwin-Williams Company (The) (SHW) : Money flow in the Sherwin-Williams Company (The) (SHW) stock was negative (5.73 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 $51.36 million, compared to $57.09 million on downticks. The total uptick to downtick ratio was 0.9, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($7.55 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $7.55 million, indicating persistent selling. Sherwin-Williams Company (The) (SHW) traded $2.31 higher at $302.1 gaining 0.77% over the previous days close.

Sherwin-Williams

Sherwin-Williams Company (The) (SHW) : 12 investment research analysts covering Sherwin-Williams Company (The) (SHW) have an average price target of $325.58 for the near short term. The highest target price given by the Brokerage Firm to the stock is $370 and the lowest target is $270 for the short term. Analysts expect the variance to be within $24.69 of the average price. The stock has recorded a 20-day Moving Average of 3.88% and the 50-Day Moving Average is 3.71%.

Sherwin-Williams Company (The) (NYSE:SHW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $299.52 and $299.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $303.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $302.10, notching a gain of 0.77% for the day. The total traded volume was 737,393 . The stock had closed at $299.79 on the previous day.

The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Companys segments include Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items. The Consumer Group develops, manufactures and distributes a range of paint, coatings and related products to third party customers. The Global Finishes Group develops, licenses, manufactures, distributes and sells a range of protective and marine products, automotive finishes and refinished products, and OEM product finishes, among others. The Latin America Coatings Group develops, licenses, manufactures, distributes and sells a range of architectural paint and coatings, protective and marine products, and OEM product finishes, among others.

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