Shares of Textron (TXT) Sees Large Inflow of Net Money Flow

Textron (TXT): $11.98 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 2.92. The value of trades done on upticks was $18.21 million, whereas, trades done on downticks were valued at $6.23 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 $12.13 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $12.13 million. Textron (TXT) fell $0.04 traded at $40.81, a change of -0.1% over the previous day. The stock is -0.32% for the week.


The company Insiders own 0.93% of Textron shares according to the proxy statements. Institutional Investors own 80.8% of Textron shares.

In a related news, Johnson Cheryl H, officer (Executive VP, Human Resources) of Textron Inc, unloaded 2,121 shares at an average price of $42.37 on November 2, 2015. The total amount of the transaction was worth $89,867, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Textron (NYSE:TXT): The stock opened at $41.04 and touched an intraday high of $41.265 on Friday. During the day, the stock corrected to an intraday low of $40.875, however, the bulls stepped in and pushed the price higher to close in the green at $41.12 with a gain of 0.76% for the day. The total traded volume for the day was 929,747. The stock had closed at $40.81 in the previous trading session.

On a relative basis, the stock has outperformed the S&P 500 by 5.55% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.44% in the last 1 week, and is up 5.41% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide. It operates in five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Textron Aviation manufactures, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Textron Systems product lines consist of unmanned aircraft systems, marine and land systems, weapons and sensors, simulation, training and other defense and aviation mission support products and services. The Industrial segment designs and manufactures a range of products under three principal product lines. The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters.

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