Sector News

Large Inflow of Money Witnessed in Ashland Inc.

October 1, 2015
Energy & Chemical Value Chain

The shares of Ashland Inc. (NYSE:ASH) traded with a loss of -0.51 points or -0.51% in the most recent session. The shares last traded at $99.55. As per the trading info, the shares saw $33.41 million in upticks and lost $29.68 million in downticks, resulting in a net money flow of $3.74 million. The up/down ratio for the day was measured at 1.13. For the week, the shares had posted -7.19%.From the block trade data available, the total upticks were valued at $2.01 million and the total downticks were valued at $0 million, thereby putting the up/down ratio at 0. The net money flow for the block transaction was $2.01 million.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (Senior Vice President) of Ashland Inc., Ganz Peter sold 1,200 shares at $119.6 on July 14, 2015. The Insider selling transaction had a total value worth of $143,520. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.2% of Ashland Inc. Company shares. In the past six months, there is a change of -18.22% in the total insider ownership. Institutional Investors own 85.8% of Company shares. During last 3 month period, -7.7% of total institutional ownership has changed in the company shares.

The company shares have dropped 3.88% in the past 52 Weeks. On May 11, 2015 The shares registered one year high of $132.38 and one year low was seen on October 15, 2014 at $95.21. The 50-day moving average is $106.93 and the 200 day moving average is recorded at $120.14. S&P 500 has rallied 4.59% during the last 52-weeks.

Ashland Inc. (NYSE:ASH) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks. The shares could manage an average rating of 1.44 from 9 analysts. 7 market experts have marked it as a strong buy. 2 analysts have rated the company at hold.

Shares of Ashland Inc. (NYSE:ASH) ended Tuesday session in red amid volatile trading. The shares closed down 0.51 points or 0.51% at $99.55 with 1,445,874 shares getting traded. Post opening the session at $100.03, the shares hit an intraday low of $97.58 and an intraday high of $101.1099 and the price vacillated in this range throughout the day. The company has a market cap of $6,732 million and the number of outstanding shares have been calculated to be 67,624,000 shares. The 52-week high of Ashland Inc. (NYSE:ASH) is $132.38 and the 52-week low is $95.21.

Ashland Inc. (Ashland) is a global specialty chemical company that provides products, services and solutions throughout a variety of industries. Ashland’s business operates in four segments: Ashland Specialty Ingredients; Ashland Water Technologies; Ashland Performance Materials and Ashland Consumer Markets. The Company offers products, technologies and resources for solving formulation and product performance in a range of markets including personal care, pharmaceutical, food and beverage, coatings, construction and energy. It is also a specialty chemical supplier to the pulp, paper, mining, food and beverage, commercial and institutional, chemicals processing, general manufacturing and municipal wastewater-treatment industries. The Company is also a global producer of specialty resins and adhesives serving the construction, transportation, infrastructure, packaging and converting, marine and energy markets.

By Stephanie Nicolas

Source: Insider Trading Report

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