Large Outflow of Money Witnessed in Northrop Grumman Corporation

Northrop Grumman Corporation (NOC) surged 0.05% during the last session. The last traded price was up 0.11 points at $229.19. The data for the fund flow suggests that the net intraday money flow was $(-4.14) million. The fund value in upticks was recorded to be $10.07 million and in downticks, it was found to be $14.21 million. The up/down ratio for the day was measured to be 0.71. For the week, the shares have seen a percentage change of -0.28%.A block trade of $(-4.57) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $4.57 million. The block tradeoff had the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Northrop Grumman Corporation has lost 0.88% in the last five trading days and dropped 1.62% in the last 4 weeks. Northrop Grumman Corporation is up 0.28% in the last 3-month period. Year-to-Date the stock performance stands at -1.62%. Northrop Grumman Corporation (NYSE:NOC) witnessed a decline in the market cap on Wednesday as its shares dropped 0.11% or 0.26 points. After the session commenced at $228.72, the stock reached the higher end at $230.15 while it hit a low of $227.73. With the volume soaring to 1,148,788 shares, the last trade was called at $228.82. The company has a 52-week high of $253.8. The company has a market cap of $39,952 million and there are 174,599,410 shares in outstanding. The 52-week low of the share price is $180.1.

Company has reported several Insider transactions to the SEC, on Jan 4, 2017, Christopher T Jones (Corp VP & Pres Tech Svcs) sold 240 shares at 234.38 per share price.On Jan 4, 2017, Kenneth L Bedingfield (Corp VP, CFO) sold 125 shares at 234.38 per share price.On Nov 17, 2016, Sheila C. Cheston (Corp. VP & General Counsel) sold 3,394 shares at 251.29 per share price.

Northrop Grumman Corporation Last issued its quarterly earnings results on Jan 26, 2017. The company reported $2.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.47. Analyst had a consensus of $2.49. The company had revenue of $6397.00 million for the quarter, compared to analysts expectations of $5928.14 million. The companys revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.49 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Northrop Grumman Corporation was Initiated by RBC Capital Mkts on Jan 12, 2017 to Outperform, Price Target of the shares are set at $268.Northrop Grumman Corporation was Downgraded by Jefferies to Hold on Jan 12, 2017. Company shares were Upgraded by Barclays on Nov 10, 2016 to Overweight, Raises Price Target to $ 270 from a previous price target of $230 .

Northrop Grumman Corporation is a high technology company providing innovative solutions in systems integration, defense electronics and information technology for its U.S. and international military, government and commercial customers, as a prime contractor, principal subcontractor, team member or preferred supplier. (Company Press Release)

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