Large Outflow of Money Witnessed in Mohawk Industries, Inc.

Mohawk Industries, Inc. (MHK) managed to eke out gains of 0.01% in intraday trade. The share price increased by 0.03 points to $215.87. Till last observation, the net money flow was recorded at a negative $(-4.65) million. The total inflow of $26.62 million in upticks was completely overshadowed by an outflow of $31.27 million in downticks, giving the up/down ratio a value of 0.85. The shares have seen a change of 0.33% 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 $5.86 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-5.86) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Mohawk Industries, Inc. rose by 0.23% in the last five trading days and 8.11% for the last 4 weeks. Mohawk Industries, Inc. is up 17.13% in the last 3-month period. Year-to-Date the stock performance stands at 8.11%. Mohawk Industries, Inc. (NYSE:MHK) rose 0.01% or 0.03 points on Wednesday and made its way into the gainers of the day. After trading began at $215.85 the stock was seen hitting $217.25 as a peak level and $213.07 as the lowest level. The stock ended up at $215.87. The daily volume was measured at 493,414 shares. The 52-week high of the share price is $217.96 and the 52-week low is $148.56. The company has a market cap of $16,010 million.

Company has reported several Insider transactions to the SEC, on Jan 26, 2017, Frank H Boykin (CFO) sold 4,800 shares at 180.00 per share price.On Nov 30, 2016, Cock Frans Georges De (director) purchased 3,750 shares at 200.00 per share price.On Nov 18, 2016, Chistopher Wellborn (President and COO) sold 7,231 shares at 200.00 per share price.

Mohawk Industries Last issued its quarterly earnings results on Nov 3, 2016. The company reported $3.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $3.45. The company had revenue of $2294.14 million for the quarter, compared to analysts expectations of $2266.10 million. The companys revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.98 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Mohawk Industries was Initiated by Barclays on Jan 6, 2017 to Overweight, Price Target of the shares are set at $229.Company shares were Reiterated by RBC Capital Mkts on Dec 5, 2016 to Outperform, Raises Price Target to $ 248 from a previous price target of $245 .

Mohawk Industries, Inc. is one of the leading producers of woven and tufted broadloom carpet and rugs for principally residential applications. The company designs, manufactures and markets carpet and rugs in a broad range of colors, textures and patterns. The company is widely recognized through its premier brand names, some of which are Mohawk, Aladdin, American Rug Craftsmen, American Weavers, Bigelow, and Custom Weave.


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