Shares of Avnet (NYSE:AVT) Sees Large Outflow of Money

Avnet (NYSE:AVT) jumped 0.14 points or 0.33% on strong buying and was last priced at $42.95 per share. The shares saw huge fund flow intraday; a massive $1.31 million made their way in through the upticks but an even bigger $2.15 million made their way out through downticks. As per the last observation, the net money flow stood at $(-0.84) million and the up/down ratio was found to be 0.61. The shares have seen a weekly value change of 2.75% .A block trade was recorded in the company shares with a net money flow of $(-1.18) million. The composite value of the funds in upticks was $0 million and the total value of funds in downticks was $1.18. As can be seen from the data, the block transaction had the up/down ratio of 0.


The stock has recorded a 20-day Moving Average of 4.08% and the 50-Day Moving Average is 3.93%. The company shares have dropped 1.54% in the past 52 Weeks. On November 6, 2015 The shares registered one year high of $46.95 and one year low was seen on August 24, 2015 at $36.42. The 50-day moving average is $40.57 and the 200 day moving average is recorded at $41.8. S&P 500 has rallied 1.93% during the last 52-weeks.

Avnet (NYSE:AVT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.85 and $42.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.05, notching a gain of 0.56% for the day. The total traded volume was 1,000,767 . The stock had closed at $42.81 on the previous day.

Currently the company Insiders own 1.13% of Avnet shares according to the proxy statements. Institutional Investors own 94.46% of Avnet shares. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Avnet Inc, Miller Maryann G. had sold 9,562 shares worth of $405,907 in a transaction dated September 9, 2015. In this transaction, 9,562 shares were sold at $42.45 per share.

Avnet, Inc. distributes electronic components, enterprise computer and storage products, information technology solutions and services, and embedded subsystems. The Company operates in two segments: Electronics Marketing (EM) and Technology Solutions (TS). Both operating groups have operations in each of the three economic regions of the world: the Americas; Europe, the Middle East and Africa; and Asia/Pacific, consisting of Asia, Australia and New Zealand. The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices, and embedded products to a diverse customer base serving many end-markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and complex solutions from the technology manufacturers. The TS segment also provides hard disk drives, microprocessor, motherboard and dynamic random-access memory module technologies to manufacturers of computers and system builders.

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