Harman International Industries Incorporated (HAR) Shares are Down -2.43%

Harman International Industries Incorporated (HAR) has risen sharply, recording gains of 8.77% in the past 4 weeks. However, the stock has corrected -2.43% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.66% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.54% and the 50-Day Moving Average is 9.29%. Harman International Industries Incorporated (NYSE:HAR): On Fridays trading session , Opening price of the stock was $84.81 with an intraday high of $84.96. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $84.1. However, the stock managed to close at $84.81, a loss of 0.12% for the day. On the previous day, the stock had closed at $84.91. The total traded volume of the day was 824,317 shares.


The company Insiders own 0.95% of Harman International Industries Incorporated shares according to the proxy statements. Institutional Investors own 90.2% of Harman International Industries Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -43.47%. Also, Major Brokerage house, Baird downgrades its ratings on Harman International Industries Incorporated (NYSE:HAR). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 5, 2016.

Harman International Industries, Incorporated, is engaged in the designing and engineering of connected products and solutions for automakers, consumers and enterprises, including audio systems, visual products, enterprise automation solutions and connected services. The Company operates through four segments. The Infotainment segment offers infotainment systems for vehicle applications. The Lifestyle segment offers car audio systems for vehicle applications, as well as a range of loudspeaker and electronics for home, multimedia and mobile applications. The Professional segment provides audio, lighting, video and control and automation solutions for commercial, enterprise and public space applications. The Services segment creates software solutions that integrate design, mobility, cloud and analytics. Its brands include AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft and Studer.

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