Large Outflow of Money Witnessed in Ashland Global Holdings Inc.

Ashland Global Holdings Inc. (ASH) During the most recent session, the shares traded at 0.37 points or 0.31% higher at $119.4. The money flow data is unimpressive with the net money flow value of $(-16.75) million. As per the intraday data, the upticks measured $14.85 million and the downticks measured $31.6 million. As a result, the up/down ratio registered a value of 0.47. The shares have seen 0.41% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $17.74 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-17.74) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Ashland Global Holdings Inc. rose by 2.51% in the last five trading days and 9.25% for the last 4 weeks. Ashland Global Holdings Inc. is up 7.23% in the last 3-month period. Year-to-Date the stock performance stands at 9.25%. Ashland Global Holdings Inc. (NYSE:ASH) rose 0.31% or 0.37 points on Wednesday and made its way into the gainers of the day. After trading began at $119.06 the stock was seen hitting $119.865 as a peak level and $117.97 as the lowest level. The stock ended up at $119.4. The daily volume was measured at 713,293 shares. The 52-week high of the share price is $125 and the 52-week low is $88.3. The company has a market cap of $7,429 million.

Company has reported several Insider transactions to the SEC, on Jan 19, 2017, William J Heitman (Controller) sold 4,000 shares at 110.46 per share price.On Nov 28, 2016, J Kevin Willis (Chief Financial Officer) sold 4,440 shares at 114.39 per share price.On Sep 6, 2016, Peter Ganz (Senior Vice President) sold 800 shares at 116.98 per share price.

Ashland Inc Last issued its quarterly earnings results on Jan 26, 2017. The company reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.21. Analyst had a consensus of $0.95. The company had revenue of $1200.00 million for the quarter, compared to analysts expectations of $1171.60 million. During the same quarter in the previous year, the company posted $1.41 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Ashland Inc was Resumed by Deutsche Bank on Nov 28, 2016 to Buy, Price Target of the shares are set at $125.

Ashland Global Holdings Inc. is engaged in providing specialty chemical solutions. It serves consumer and industrial markets which includes adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical sector. Ashland Global Holdings Inc., formerly known as Ashland Inc., is based in Covington, United States.


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