Large Outflow of Money Witnessed in Waters Corporation

Waters Corporation (WAT) traded higher in the last at $145.73, gaining 4.08 points or 2.88%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-16.83) million. The composite uptick value of $33.06 million was eclipsed by the accrued downtick value of $49.89 million, thereby ensuring the up/down ratio of 0.66. For the week, the shares have posted returns of 0.94%.A block trade registered during the day has revealed $8.96 million in upticks and $27.54 million in downticks. The up/down ratio in this case turned out to be 0.33. The net money flow for the block trade was $(-18.58) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Waters Corporation rose by 1.11% in the last five trading days and 8.44% for the last 4 weeks. Waters Corporation is up 4.74% in the last 3-month period. Year-to-Date the stock performance stands at 8.44%. Waters Corporation (NYSE:WAT) rose 2.88% or 4.08 points on Wednesday and made its way into the gainers of the day. After trading began at $142.04 the stock was seen hitting $146.02 as a peak level and $141.46 as the lowest level. The stock ended up at $145.73. The daily volume was measured at 1,043,628 shares. The 52-week high of the share price is $162.53 and the 52-week low is $112. The company has a market cap of $11,743 million.

Company has reported several Insider transactions to the SEC, on Aug 24, 2016, Rohit Khanna (Sr VP, Applied Technology) sold 10,000 shares at 161.00 per share price.On Aug 22, 2016, Ian King (Sr VP, Instrument Technology) sold 10,000 shares at 160.23 per share price.On Aug 18, 2016, Arthur G Caputo (EVP and President, Waters Div) sold 104,785 shares at 158.54 per share price.

Waters Corporation Last issued its quarterly earnings results on Jan 24, 2017. The company reported $2.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.08. Analyst had a consensus of $2.13. The company had revenue of $629.00 million for the quarter, compared to analysts expectations of $617.80 million. The companys revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Waters Corporation was Initiated by Deutsche Bank on Jan 18, 2017 to Buy, Price Target of the shares are set at $160.Waters Corporation was Resumed by Leerink Partners on Nov 10, 2016 to Outperform, Price Target of the shares are set at $163.

Waters Corporation is a holding company which owns only and all of the outstanding common stock of Waters Technologies Corporation, the operating subsidiary. It operates in the analytical instrument industry, with manufacturing and distribution expertise in three complementary technologies: high performance liquid chromatography instruments, chromatography columns and other consumables, and related service; mass spectrometry instruments that can be integrated and used along with other analytical instruments; and thermal analysis and rheology instruments.


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