Shares of Advance Auto Parts Inc (NYSE:AAP) Sees Large Outflow of Money

Advance Auto Parts Inc (NYSE:AAP) : The total negative money flow of $16.68 million on Wednesday indicates selling on strength. The inflow of money on upticks was $54.61 million, compared to $71.28 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.77. The negative money flow of $15.4 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $15.4 million. The price action in the Advance Auto Parts Inc (NYSE:AAP) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $161.01 with a gain of $4.03 , a change of 2.57% over the previous days close. The stock registered 4.2% for the week.


In an insider trading activity, Smith Jeffrey C, director of Advance Auto Parts Inc, executed a transaction worth $61,655,577 on June 8, 2016. A total of 397,624 shares were purchased at an average price of $155.06. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered. 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 16.75% . Institutional Investors own 98.42% of Advance Auto Parts Inc shares. During last six month period, the net percent change held by insiders has seen a change of -0.4%.

The company shares have dropped -3.49% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $201.24 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $151.71 and the 200 Day Moving Average price is recorded at $152.18. Advance Auto Parts Inc (NYSE:AAP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $158.03 and $158.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $161.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $161.01, notching a gain of 2.57% for the day. The total traded volume was 1,560,800 . The stock had closed at $156.98 on the previous day.

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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