Shares of Harman International Industries Incorporated (NYSE:HAR) Sees Large Inflow of Net Money Flow

Shares of Harman International Industries Incorporated (NYSE:HAR) saw an erosion of -0.18 points in recent session. During the trading, the value of each share was $76.53, dropping -0.23%. The shares saw high fund-flow as the composite value of all the upticks was $1.38 million and the total value of all the downticks was a mere $0.78 million. The net money flow was seen at $0.6 million and the up/down ratio was measured at 1.76. On a weekly basis the shares of the shares have recorded a change of -2.98%.


Currently the company Insiders own 0.95% of Harman International Industries Incorporated shares according to the proxy statements. Institutional Investors own 98.27% of Harman International Industries Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -53.01%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (Chief Marketing Officer) of Harman International Industries Inc /De/, Santana Ralph had sold 3,650 shares worth of $263,421 in a transaction dated May 6, 2016. In this transaction, 3,650 shares were sold at $72.17 per share.

Harman International Industries Incorporated (NYSE:HAR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.3 points or 1.69% at $75.41 with 733,583 shares getting traded. Post opening the session at $75.79, the shares hit an intraday low of $75.32 and an intraday high of $76.95 and the price was in this range throughout the day. The company has a market cap of $5,321 million and the number of outstanding shares have been calculated to be 70,554,695 shares. The 52-week high of Harman International Industries Incorporated (NYSE:HAR) is $128.6 and the 52-week low is $66.2.

Many analysts have stated their opinion on the company shares. Piper Jaffray initiates coverage on Harman International Industries Incorporated (NYSE:HAR).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Piper Jaffray announces the price target of $84 per share. The rating by the firm was issued on June 9, 2016.

Harman International Industries, Incorporated, is engaged in the designing and engineering of connected products and solutions for automakers, consumers and enterprises, including audio systems, visual products, enterprise automation solutions and connected services. The Company operates through four segments. The Infotainment segment offers infotainment systems for vehicle applications. The Lifestyle segment offers car audio systems for vehicle applications, as well as a range of loudspeaker and electronics for home, multimedia and mobile applications. The Professional segment provides audio, lighting, video and control and automation solutions for commercial, enterprise and public space applications. The Services segment creates software solutions that integrate design, mobility, cloud and analytics. Its brands include AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft and Studer.

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