Large Inflow of Money Witnessed in Target Corporation

The shares of Target Corporation (NYSE:TGT) traded with a loss of -0.2 points or -0.29% in the most recent session. The shares last traded at $67.79. As per the trading info, the shares saw $7.08 million in upticks and lost $2.88 million in downticks, resulting in a net money flow of $4.2 million. The up/down ratio for the day was measured at 2.46. For the week, the shares had posted 0.43%.From the block trade data available, the total upticks were valued at $4.8 million and the total downticks were valued at $0 million, thereby putting the up/down ratio at 0. The net money flow for the block transaction was $4.8 million.


The stock has recorded a 20-day Moving Average of 0.26% and the 50-Day Moving Average is 8.01%. The company shares have dropped 19.79% in the past 52 Weeks. On June 23, 2015 The shares registered one year high of $85.81 and one year low was seen on May 18, 2016 at $65.5. The 50-day moving average is $71.32 and the 200 day moving average is recorded at $75.07. S&P 500 has rallied 1.93% during the last 52-weeks.

Target Corporation (NYSE:TGT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.27 and $67.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.30, notching a gain of 0.46% for the day. The total traded volume was 4,579,790 . The stock had closed at $67.99 on the previous day.

Currently the company Insiders own 0.25% of Target Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 42.13% . Institutional Investors own 90.7% of Target Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 21.24%. On the companys insider trading activities, Darden Calvin, director of Target Corp, unloaded 37,105 shares at an average price of $67.02 on May 19, 2016. The total amount of the transaction was worth $2,486,777, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Target Corporation is engaged in providing everyday essentials and fashionable, and differentiated merchandise at discounted prices. The Company offers its products through stores, online or through mobile devices. The Company sells an assortment of general merchandise and food through its store and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its urban format stores, CityTarget and TargetExpress, offer edited general merchandise and food assortments. Its digital channels include an assortment of general merchandise, including various items found in its stores, along with a complementary assortment, such as additional sizes and colors sold online. The Companys brands include Archer Farms, Simply Balanced, Boots & Barkley, Circo, Embark, Gilligan & OMalley, Market Pantry, Merona, Room Essentials, Smith & Hawken, Spritz and Sutton & Dodge.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.