Traders Sell Shares of Buckeye Technologies Inc. (BKI) on Strength (BKI)
Traders sold shares of Buckeye Technologies Inc. (NYSE:BKI) on strength during trading hours on Wednesday. $31.06 million flowed into the stock on the tick-up and $69.25 million flowed out of the stock on the tick-down, for a money net flow of $38.19 million out of the stock. Of all companies tracked, Buckeye Technologies had the 19th highest net out-flow for the day. Buckeye Technologies traded up $0.50 for the day and closed at $42.50
Separately, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $44.00 price target (up previously from $42.00) on shares of Buckeye Technologies in a research note on Wednesday.
The firm’s 50 day moving average price is $42.25 and its 200-day moving average price is $42.25.
WARNING: This news story was first reported by Marea Informative and is the property of of Marea Informative. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at http://www.mareainformativa.com/traders-sell-shares-of-buckeye-technologies-inc-bki-on-strength-bki/116198/.
About Buckeye Technologies
Buckeye Technologies Inc (Buckeye) is a producer of cellulose-based specialty products. The Company offers cellulose-based specialty products made from both wood and cotton and utilizing wetlaid and airlaid technologies. It operates manufacturing facilities in the United States, Canada and Germany. The Company’s product lines can be grouped into four categories: chemical cellulose, customized fibers, fluff pulp and nonwoven materials.
Receive News & Stock Ratings for Buckeye Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckeye Technologies Inc. and related stocks with our FREE daily email newsletter.