Large Outflow of Money Witnessed in Fomento Economico Mexicano S.A.B. de C.V.

Fomento Economico Mexicano S.A.B. de C.V. (FMX) managed to eke out gains of 2.26% in intraday trade. The share price increased by 1.7 points to $76.93. Till last observation, the net money flow was recorded at a negative $(-4.74) million. The total inflow of $9.56 million in upticks was completely overshadowed by an outflow of $14.3 million in downticks, giving the up/down ratio a value of 0.67. The shares have seen a change of 0.25% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $5.16 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-5.16) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Fomento Economico Mexicano, S.A.B. de C.V. has dropped 2.14% in the last five trading days, however, the shares have posted positive gains of 0.98% in the last 4 weeks. Fomento Economico Mexicano, S.A.B. de C.V. has dropped 19.56% during the last 3-month period . Year-to-Date the stock performance stands at 0.98%. Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) rose 2.3% or 1.73 points on Wednesday and made its way into the gainers of the day. After trading began at $75.6 the stock was seen hitting $77.41 as a peak level and $74.3 as the lowest level. The stock ended up at $76.96. The daily volume was measured at 608,239 shares. The 52-week high of the share price is $100.57 and the 52-week low is $73.45. The company has a market cap of $27,538 million.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Fomento Economico Mexicano SAB (ADR) was Downgraded by JP Morgan to Neutral on Jan 20, 2017. Fomento Economico Mexicano SAB (ADR) was Initiated by Stifel to Buy on Nov 22, 2016.

FOMENTO ECO-ADR is Latin Americas largest beverage company, exporting to the United States, Canada, and select countries in Europe, Asia, and Latin America. They are strategically comprised of and operates by means of the following subsidiaries: FEMSA Cerveza, Coca-Cola FEMSA, the largest bottler for The Coca-Cola Co. in Latin America, and the Strategic Businesses Division, which groups the packaging, retail and logistics operations, whose main objective is to offer competitive advantages to the beverage subsidiaries.

Fomento

Share this post

Leave a Reply