Large Inflow of Money Witnessed in Luxottica Group S.p.A.

Luxottica Group S.p.A. (NYSE:LUX) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $1.6 million worth of transactions were on upticks, whereas, the downticks accounted for $0.93 million worth of transactions. The net money flow was a positive $0.67 million and the uptick to downtick ratio was 1.72. The net money flow into the stock was $0.01 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.01 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Luxottica Group S.p.A. (NYSE:LUX) was trading at $50.71, down $0.6 during day. The stock slid -1.17% over the previous days close. For the week, the stock recorded 2.3% over the previous weeks close.


Currently the company Insiders own 75% of Luxottica Group S.p.A. shares according to the proxy statements. Institutional Investors own 1.26% of Luxottica Group S.p.A. shares.

The company shares have dropped -22.62% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $74.00 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $53.11 and the 200 Day Moving Average price is recorded at $56.80. Luxottica Group S.p.A. (NYSE:LUX): The stock opened at $50.75 on Wednesday but the bulls could not build on the opening and the stock topped out at $50.89 for the day. The stock traded down to $50.28 during the day, due to lack of any buying support eventually closed down at $50.71 with a loss of -1.17% for the day. The stock had closed at $51.31 on the previous day. The total traded volume was 80,231 shares.

Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. It operates in two industry segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in the design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products. It operates its retail segment principally through its retail brands, which include LensCrafters, Sunglass Hut, Pearle Vision, ILORI, The Optical Shop of Aspen, GMO, OPSM, Laubman & Pank, Oakley O Stores and Vaults, David Clulow and its retail licensed brands, Sears Optical and Target Optical. Its brands include Ray-Ban, Oakley, Vogue Eyewear, Sferoflex, Persol, and Arnette, and its licensed brands include Armani, Bvlgari, Burberry and Chanel, among others.

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