Large Outflow of Money Witnessed in United Technologies Corporation

Shares of United Technologies Corporation (UTX) traded 0.09 points or 0.08% higher at $109.76.The total intraday money flow for the shares came in at a disappointing $(-6.12) million. The total upticks amounted to $4.68 million and the total downticks were approximately $10.8 million, with the up/down ratio of 0.43. On a different note, the shares have seen 0.05% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $5.42 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-5.42) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

United Technologies Corporation has lost 2.51% in the last five trading days and dropped 1.31% in the last 4 weeks. United Technologies Corporation is up 6.5% in the last 3-month period. Year-to-Date the stock performance stands at -1.31%. United Technologies Corporation (NYSE:UTX) witnessed a decline in the market cap on Wednesday as its shares dropped 1.36% or 1.49 points. After the session commenced at $109.63, the stock reached the higher end at $109.905 while it hit a low of $107.9. With the volume soaring to 4,670,143 shares, the last trade was called at $108.18. The company has a 52-week high of $112.83. The company has a market cap of $89,076 million and there are 823,405,690 shares in outstanding. The 52-week low of the share price is $83.845.

Company has reported several Insider transactions to the SEC, on Dec 9, 2016, Brian C Rogers (director) purchased 5,000 shares at 107.94 per share price.On Dec 9, 2016, Charles D Gill (Executive VP & General Counsel) sold 15,796 shares at 108.98 per share price.On Dec 1, 2016, Akhil Johri (Executive VP and CFO) sold 2,109 shares at 109.02 per share price.

United Technologies Corporation Last issued its quarterly earnings results on Jan 25, 2017. The company reported $1.56 EPS for the quarter. Analyst had a consensus estimate of $1.56. The company had revenue of $14659.00 million for the quarter, compared to analysts expectations of $14709.58 million. The companys revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.United Technologies Corporation was Reiterated by Stifel on Jan 27, 2017 to Hold, Lowers Price Target to $ 116 from a previous price target of $119 .United Technologies Corporation was Downgraded by Argus to Hold on Jan 26, 2017. United Technologies Corporation was Reiterated by RBC Capital Mkts on Jan 12, 2017 to Sector Perform, Lowers Price Target to $ 118 from a previous price target of $121 .United Technologies Corporation was Upgraded by Credit Suisse to Outperform on Dec 19, 2016.

United Technologies Corporation provides a broad range of high technology products and services to the building systems and aerospace industries. Those products include Pratt & Whitney aircraft engines, space propulsion systems and industrial gas turbines; Carrier heating, air conditioning and refrigeration; Otis elevator, escalator and people movers; Hamilton Sundstrand aerospace and industrial products; Sikorsky helicopters and International Fuel Cells power systems. (Company Press Release)


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