Shares of Southern Copper Corporation (SCCO) Sees Large Inflow of Net Money Flow

Southern Copper Corporation (SCCO) witnessed a selling pressure and the shares last traded with a loss of -0.02 points or -0.04% at $38.35. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $1.26 million with an inflow of $1.53 million in upticks and an outflow of $0.28 million in downticks. Using the data, the up/down ratio is found to be 5.51. The share price has recorded -0.25% on a weekly basis.A block trade of $1.25 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $1.25, signaling heavy buying.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Southern Copper Corporation has dropped 0.1% in the last five trading days, however, the shares have posted positive gains of 20.85% in the last 4 weeks. Southern Copper Corporation is up 36.21% in the last 3-month period. Year-to-Date the stock performance stands at 20.85%. Southern Copper Corporation (NYSE:SCCO) rose 0.63% or 0.24 points on Wednesday and made its way into the gainers of the day. After trading began at $38.4 the stock was seen hitting $38.69 as a peak level and $37.775 as the lowest level. The stock ended up at $38.6. The daily volume was measured at 1,862,459 shares. The 52-week high of the share price is $38.87 and the 52-week low is $23.54. The company has a market cap of $29,838 million.

Company has reported several Insider transactions to the SEC, on Dec 2, 2016, Bonilla Luis Miguel Palomino (director) sold 600 shares at 33.15 per share price.On Jan 15, 2016, Oscar Gonzalez Rocha (CEO) purchased 8,000 shares at 25.91 per share price.On Nov 23, 2015, German Larrea Mota Velasco (Chairman of the Board) purchased 334,000 shares at 27.14 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Southern Copper Corp was Downgraded by Morgan Stanley to Underweight on Dec 13, 2016. Southern Copper Corp was Upgraded by Credit Suisse to Neutral on Dec 7, 2016.

Southern Copper Corporation is a mining metallurgical company, producer of copper and valuable by-products.


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