Arrow Electronics (ARW) : The money flow analysis of Arrow Electronics (ARW) indicates a $2.2 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $3.19 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.45 and so was the total money flow at $1 million. The bulls lapped up $0 million worth of block trades on upticks. The money flow was $0 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Arrow Electronics (ARW), pushing it down by -0.2% for the day. The stock slid $0.13 and traded at $65.83 during the day. Nonetheless, the stock is 1.17% over the previous weeks close.
Arrow Electronics (ARW) : Currently there are 6 street experts covering Arrow Electronics (ARW) stock. The most bullish and bearish price target for the stock is $83 and $63 respectively for the short term. The average price target of all the analysts comes to $70.5. The estimated standard deviation from the target is $6.66.
Arrow Electronics (NYSE:ARW): On Fridays trading session , Opening price of the stock was $65.86 with an intraday high of $66.189. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $65.17. However, the stock managed to close at $65.81, a loss of 0.23% for the day. On the previous day, the stock had closed at $65.96. The total traded volume of the day was 324,640 shares.
In a related news, The Securities and Exchange Commission has divulged that Reilly Paul J, officer (Executive Vice President) of Arrow Electronics Inc, had unloaded 50,705 shares at an average price of $67.3 in a transaction dated on June 9, 2016. The total value of the transaction was worth $3,412,447.
Arrow Electronics, Inc. (Arrow) is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from electronic components and enterprise computing solutions (ECS) suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers. The Company operates in two business segments: the global components business and the global enterprise computing solutions business. The global components business segment is a provider of online catalogs for electronic components; cloud-based design tools; factory-direct end-of-life product inventory, and disposition solutions to redeploy, remarket and recycle technology assets. The global ECS business segment provides enterprise and midrange computing products, services and solutions to value-added resellers (VARs) in the Americas, EMEA and Asia Pacific regions.