Large Outflow of Money Witnessed in Abercrombie & Fitch Company

Shares of Abercrombie & Fitch Company (NYSE:ANF) advanced to $18.92. The price had gained 0.91% or 0.17 points intraday. The latest trading session witnessed $7.88 million in upticks and $9.92 million in downticks, resulting in net money flow of (-2.04) million. The up/down ratio for the day stood at 0.79. On a weekly scale, the price has seen a change of -2.57%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-2.73) million occurred during the day. $0.38 million in uptick and $3.1 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.12.


Currently the company Insiders own 0.85% of Abercrombie & Fitch Company shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -5.32%. On the companys insider trading activities,The officer (EVP of Sourcing) of Abercrombie & Fitch Co /De/, Chang Diane sold 7,600 shares at $32.05 on March 18, 2016. The Insider selling transaction had a total value worth of $243,580. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Abercrombie & Fitch Company (NYSE:ANF) : On Monday heightened volatility was witnessed in Abercrombie & Fitch Company (NYSE:ANF) which led to swings in the share price. The stock opened for trading at $18.51 and hit $18.985 on the upside , eventually ending the session at $18.92, with a gain of 0.91% or 0.17 points. The heightened volatility saw the trading volume jump to 4,606,249 shares. The 52-week high of the share price is $32.83 and the company has a market cap of $1,279 million. The 52-week low of the share price is at $15.42 .

Many analysts have stated their opinion on the company shares. Major Brokerage house, Morgan Stanley maintains its ratings on Abercrombie & Fitch Company (NYSE:ANF). In the latest research report, Morgan Stanley lowers the target price from $19 per share to $17 per share. According to the latest information available, the shares are now rated Underweight by the analysts at the agency. The rating by the firm was issued on May 27, 2016.

Abercrombie & Fitch Co. (A&F) is a retailer that operates stores and direct-to-consumer operations. The Company operates through three business segments: U.S. Stores, International Stores and Direct-to-Consumer. The U.S. Stores segment includes store operations in the United States and Puerto Rico. The International Stores segment includes store operations in Canada, Europe, Asia, Australia and the Middle East. The Direct-to-Consumer segment includes operations directly associated with on-line operations, both United States and international. A&F sells products, including casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands. It also sells bras, underwear, personal care products, sleepwear and at-home products for girls through Hollister under the Gilly Hicks brand.

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