Cato Corporation (The) (CATO) : On Friday, The money flowed into the Cato Corporation (The) (CATO) stock with an uptick to downtick ratio was recorded at 4.47. Transactions worth $5.5 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $1.23 million. The total money flow into the stock was $4.27 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $4.42 million of block transactions on upticks. The total money flow in block trades was $4.42 million. In terms of price action, Cato Corporation (The) (CATO) traded down $0.25 during the session at $35.86. Compared to the previous days closing, the stock was down only by -0.69%. For the week, the stock is 0.59%, over previous weeks closing.
Cato Corporation (The) (NYSE:CATO): On Fridays trading session , Opening price of the stock was $36.2 with an intraday high of $36.32. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $35.6. However, the stock managed to close at $35.86, a loss of 0.69% for the day. On the previous day, the stock had closed at $36.11. The total traded volume of the day was 245,221 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Cato Corp, Henson Thomas B had purchased shares worth of $98,100 in a transaction dated on August 21, 2015. A total of 3,000 shares were purchased at a price of $32.7 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
The Cato Corporation (Cato) is an operator of womens fashion specialty retail stores. The Company operates through four segments: Cato, Its Fashion, Versona and Credit. Its stores offer an assortment of apparel and accessory items in primarily junior/missy, plus sizes, girls sizes ( Seven to 16), mens and kids sizes (newborn to seven). Its merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, mens wear and lines for kids and newborns. As of January 31, 2015, it operated 1,346 fashion specialty stores in 32 states, principally in the southeastern United States, under the names Cato, Cato Fashions, Cato Plus, Its Fashion, Its Fashion Metro and Versona. The Company offers its own credit card and layaway plan. Its stores range in size from 2,000 to 19,000 square feet and are located primarily in strip shopping centers anchored by national discounters or grocery stores.