Large Outflow of Money Witnessed in Methanex Corporation

Methanex Corporation (MEOH) jumped 0.45 points or 0.9% on strong buying and was last priced at $50.5 per share. The shares saw huge fund flow intraday; a massive $5.56 million made their way in through the upticks but an even bigger $34.31 million made their way out through downticks. As per the last observation, the net money flow stood at $(-28.75) million and the up/down ratio was found to be 0.16. The shares have seen a weekly value change of 0.5% .A block trade was recorded in the company shares with a net money flow of $(-28.69) million. The composite value of the funds in upticks was $1.25 million and the total value of funds in downticks was $29.93. As can be seen from the data, the block transaction had the up/down ratio of 0.04.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Methanex Corporation rose by 7.56% in the last five trading days and 15.3% for the last 4 weeks. Methanex Corporation is up 39.77% in the last 3-month period. Year-to-Date the stock performance stands at 15.3%. Methanex Corporation (NASDAQ:MEOH) rose 0.9% or 0.45 points on Wednesday and made its way into the gainers of the day. After trading began at $50.35 the stock was seen hitting $50.875 as a peak level and $49.45 as the lowest level. The stock ended up at $50.5. The daily volume was measured at 1,476,603 shares. The 52-week high of the share price is $51.6 and the 52-week low is $22.73. The company has a market cap of $4,545 million.

Methanex Corporation (USA) Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.26. Analyst had a consensus of $0.20. The company had revenue of $585.00 million for the quarter, compared to analysts expectations of $606.27 million. The companys revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Cowen on Jan 30, 2017 to Outperform, Raises Price Target to $ 57 from a previous price target of $51 .Company shares were Reiterated by RBC Capital Mkts on Jan 27, 2017 to Sector Perform, Raises Price Target to $ 57 from a previous price target of $42 .Company shares were Reiterated by Cowen on Dec 28, 2016 to Outperform, Raises Price Target to $ 51 from a previous price target of $48 .Company shares were Reiterated by Cowen on Nov 30, 2016 to Outperform, Raises Price Target to $ 48 from a previous price target of $40 .

Methanex Corp. is a Vancouver based company engaged in the worldwide production and marketing of methanol. Methanol, made from natural gas, is a basic chemical building block used to manufacture products such as formaldehyde, MTBE, acetic acid and others. The Company operates production facilities in Canada, the United States, New Zealand and Chile. The Company also markets additional methanol from plants in the US, Trinidad and Europe.


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