Large Outflow of Money Witnessed in AutoZone

Shares of AutoZone (NYSE:AZO) traded 0.13 points or 0.02% higher at $754.28.The total intraday money flow for the shares came in at a disappointing $(-3.42) million. The total upticks amounted to $43.07 million and the total downticks were approximately $46.49 million, with the up/down ratio of 0.93. On a different note, the shares have seen -0.92% price change during the week.


Currently the company Insiders own 2.4% of AutoZone shares according to the proxy statements. Institutional Investors own 94.05% of AutoZone shares. On the companys insider trading activities,The officer (Sr. Vice President) of Autozone Inc, Smith Richard Craig sold 3,500 shares at $781.5 on April 20, 2016. The Insider selling transaction had a total value worth of $2,735,250. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

AutoZone (NYSE:AZO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 3.01 points or 0.4% at $751.14 with 300,506 shares getting traded. Post opening the session at $753.3, the shares hit an intraday low of $750.15 and an intraday high of $758.155 and the price was in this range throughout the day. The company has a market cap of $22,428 million and the number of outstanding shares have been calculated to be 29,858,892 shares. The 52-week high of AutoZone (NYSE:AZO) is $810 and the 52-week low is $662.7.

Many analysts have stated their opinion on the company shares. BTIG Research initiates coverage on AutoZone (NYSE:AZO) In a research note issued to the investors, the brokerage major announces price-target of $900 per share.The shares have been rated Buy. The rating by the firm was issued on June 1, 2016.

AutoZone, Inc. (AutoZone) is a retailer and a distributor of automotive replacement parts and accessories in the United States. The Companys segments include Auto Parts Stores and Other. The Companys Auto Parts Stores segment includes Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC). The Companys Other segment includes business activities of ALLDATA, E-commerce and AutoAnything. The ALLDATA produces, sells and maintains diagnostic and repair information software used in the automotive repair industry. The e-commerce includes direct sales to customers through The AutoAnything includes direct sales to customers through The Company operates approximately 5,069 AutoZone stores in the United States, including stores in Puerto Rico, Mexico, Brazil and IMC branches. IMC branches carry a line of original equipment import replacement parts.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.