Large Inflow of Money Witnessed in Weis Markets

Weis Markets (NYSE:WMK): $0.22 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.42. The value of trades done on upticks was $0.75 million, whereas, trades done on downticks were valued at $0.53 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.01 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0.01 million. Weis Markets (NYSE:WMK) fell $0.15 traded at $49.02, a change of -0.31% over the previous day. The stock is -0.55% for the week.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Weis Markets Inc, Hatchell Dennis G, had purchased 2,500 shares in a transaction dated on September 10, 2015. The transaction was executed at $43.08 per share with total amount equaling $107,700. Currently the company Insiders own 26.9% of Weis Markets shares according to the proxy statements. Institutional Investors own 30.57% of Weis Markets shares.

The company shares have rallied 17.52% from its 1 Year high price. On Jun 3, 2016, the shares registered one year high at $53.59 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $49.41 and the 200 Day Moving Average price is recorded at $44.36. Weis Markets (NYSE:WMK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.64 and $48.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.23, notching a gain of 0.12% for the day. The total traded volume was 55,592 . The stock had closed at $49.17 on the previous day.

Weis Markets, Inc. is engaged principally in the retail sale of food in Pennsylvania and surrounding states. The Companys retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, fuel and general merchandise items, such as health and beauty care and household products. The Company advertises its products and promotes its brand through weekly newspaper circulars; radio and television ads; e-mail blasts; and online via its Website, social media and mobile applications. Printed circulars are used on a weekly basis to advertise featured items. The Company owns and operates over 163 retail food stores. Its brands for its product lines and promotions include Weis, Weis 2 Go, Weis Wonder Chicken, Price Freeze, Weis Gas-n-Go and Weis Nutri-Facts.

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