Large Outflow of Money Witnessed in Advance Auto Parts Inc

Advance Auto Parts Inc (NYSE:AAP) traded higher in the last at $153.04, gaining 0.02 points or 0.01%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-4.11) million. The composite uptick value of $27.19 million was eclipsed by the accrued downtick value of $31.3 million, thereby ensuring the up/down ratio of 0.87. For the week, the shares have posted returns of 1.55%.A block trade registered during the day has revealed $0 million in upticks and $2.3 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-2.3) million.


Currently the company Insiders own 4.5% of Advance Auto Parts Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 22.94% . Institutional Investors own 98.47% of Advance Auto Parts Inc shares. During last six month period, the net percent change held by insiders has seen a change of -0.01%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Advance Auto Parts Inc, Smith Jeffrey C, had purchased 397,624 shares in a transaction dated on June 8, 2016. The transaction was executed at $155.06 per share with total amount equaling $61,655,577.

Advance Auto Parts Inc (NYSE:AAP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.47 points or 0.31% at $152.55 with 886,365 shares getting traded. Post opening the session at $152.49, the shares hit an intraday low of $152.49 and an intraday high of $155.07 and the price was in this range throughout the day. The company has a market cap of $11,221 million and the number of outstanding shares have been calculated to be 73,556,053 shares. The 52-week high of Advance Auto Parts Inc (NYSE:AAP) is $201.24 and the 52-week low is $131.59.

Many analysts have stated their opinion on the company shares. BTIG Research initiates coverage on Advance Auto Parts Inc (NYSE:AAP). The shares have now been rated Sell by the stock experts at the ratings house. BTIG Research announces the current price target of $120 per share on Advance Auto Parts Inc. The rating by the firm was issued on June 1, 2016.

Advance Auto Parts, Inc. is a provider of automotive aftermarket parts. The companys stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. The company serves its do-it-for-me (commercial) customers and do-it-yourself (DIY) customers through a variety of channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites. As of January 3, 2015, the Companys operations are comprised of 5,261 stores and 111 distribution branches, which operate in the United States, Canada, Puerto Rico and the United States Virgin Islands primarily under the trade names Advance Auto Parts, Carquest, Autopart International and Worldpac.

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