Shares of Harris Corporation (NYSE:HRS) Sees Large Outflow of Money

Harris Corporation (NYSE:HRS) had an volatile session and gained 0.17 points till last call. The price was at $83.34, gaining 0.2% till the last intraday data. The total uptick value was $5.1 million while the total downtick value was $6.15 million. The shares saw a net money flow of $(-1.06) million and the up/down ratio stood at 0.83. The stock has seen a change of of 1.75% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-1.91) million. Almost $1.05 million were received in upticks and approximately $2.96 million were lost in downticks, thereby giving the up/down ratio of 0.35.


The stock has recorded a 20-day Moving Average of 3.84% and the 50-Day Moving Average is 6.41%. The company shares have rallied 4.42% in the past 52 Weeks. On December 24, 2015 The shares registered one year high of $89.78 and one year low was seen on September 29, 2015 at $70.1. The 50-day moving average is $78.85 and the 200 day moving average is recorded at $80.1. S&P 500 has rallied 1.93% during the last 52-weeks.

Harris Corporation (NYSE:HRS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $83.05 and $83.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $83.50, notching a gain of 0.40% for the day. The total traded volume was 1,239,903 . The stock had closed at $83.17 on the previous day.

Currently the company Insiders own 1.37% of Harris Corporation shares according to the proxy statements. Institutional Investors own 88.12% of Harris Corporation shares. On the companys insider trading activities, The officer (SVP, Chief Global Bus Dev Off), of Harris Corp /De/, Mehnert Dana A had unloaded 100 shares at $82 per share in a transaction on June 10, 2016. The total value of transaction was $8,200. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Harris Corporation (Harris) together with its subsidiaries is engaged in providing technology-based solutions to government and commercial customers. As of July 3, 2015, the Company operated through four business segments: RF Communications, Government Communications Systems, Integrated Network Solutions and Exelis. The RF Communications segment is engaged in serving the United States Department of Defense (DoD) and International Tactical Communications, and public safety and professional communications markets. The Government Communications Systems segment is engaged in serving civil, national intelligence and defense markets. The Integrated Network Solutions segment is engaged in serving information technology (IT) services, and managed satellite and terrestrial communications solutions markets. The Exelis segment provides positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications and information systems.

Leave a Reply

Get Pre-Market Alerts!

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