NEW YORK (AVAFIN) -- Block trades help investors understand the sentiment of large financial institutions.
A total of 60 block trades were executed during the last trading session,
typically at least 10,000 shares or more represent a single block unit. Further analysis
reveals that 2,249,589 shares were bought and 1,662,012 shares were
sold. The bought/sold ratio for shares of Materials Select Sector SPDR is 1.35, representing a
positive net cash flow of $20,690,463 into the stock.
A deeper look into options trading also reveals that traders hedged their positions with options
where 10,747 put and 3,186 call contracts exchanged hands leading to a 3.37
put/call ratio.
Shares of Materials Select Sector SPDR closed at $35.84, up $0.98 (+2.83%) in the last trading session.
Today's volume of 16M shares is greater than the average volume of 7M
shares. XLB is trading below the 50 day moving average and lower
than the 200 day moving average. The stock's 52 week low is $31.41 and 52 week high is $38.57.
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