Large Inflow of Money Witnessed in Avnet

Avnet (NYSE:AVT) : $2.48 million worth of transactions were on upticks in Avnet (NYSE:AVT), compared to $2.03 million on downticks. The ratio between the two was 1.22, whereas, the net money flow stood at a healthy $0.45 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $0.01million worth of trades. The total money flow into the stock stood at $0.01 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.15%. The stock was trading at $39.62, with a drop of $0.06 over the previous days close. The stock recorded -3.11% for the week.


In an insider trading activity, Miller Maryann G., officer (Senior Vice President) of Avnet Inc, unloaded 9,562 shares at an average price of $42.45 on September 9, 2015. The total amount of the transaction was worth $405,907, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.13% of Avnet shares according to the proxy statements. Institutional Investors own 94.25% of Avnet shares.

The company shares have dropped -3.64% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $46.95 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $40.87 and the 200 Day Moving Average price is recorded at $41.66. Avnet (NYSE:AVT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.11 and $39.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.73, notching a gain of 0.13% for the day. The total traded volume was 704,629 . The stock had closed at $39.68 on the previous day.

Avnet, Inc. distributes electronic components, enterprise computer and storage products, information technology solutions and services, and embedded subsystems. The Company operates in two segments: Electronics Marketing (EM) and Technology Solutions (TS). Both operating groups have operations in each of the three economic regions of the world: the Americas; Europe, the Middle East and Africa; and Asia/Pacific, consisting of Asia, Australia and New Zealand. The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices, and embedded products to a diverse customer base serving many end-markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and complex solutions from the technology manufacturers. The TS segment also provides hard disk drives, microprocessor, motherboard and dynamic random-access memory module technologies to manufacturers of computers and system builders.

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