Shares of Harman International Industries Incorporated (NYSE:HAR) Sees Large Outflow of Money

Harman International Industries Incorporated (NYSE:HAR) : The total money flow in Harman International Industries Incorporated (NYSE:HAR) was negative ($1.3 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $2.51 million. In comparison, the inflow of money into the stock on upticks was $1.21 million. The uptick to downtick ratio was 0.48. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.07 million. The negative money flow of ($1.07 million) confirms the selling in Harman International Industries Incorporated (NYSE:HAR) on strength. Harman International Industries Incorporated (NYSE:HAR) gained $0.12 at $69.05, a gain of 0.17% over the previous days close. However, the stock registered -2.26% in the week.


In an insider trading activity,The (Chief Marketing Officer) of Harman International Industries Inc /De/, Santana Ralph sold 3,650 shares at $72.17 on May 6, 2016. The Insider selling transaction had a total value worth of $263,421. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.95% of Harman International Industries Incorporated shares according to the proxy statements. Institutional Investors own 98.31% 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%.

The company shares have dropped -42.79% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $122.00 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $75.53 and the 200 Day Moving Average price is recorded at $80.13. Harman International Industries Incorporated (NYSE:HAR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.25 and $67.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.04, notching a gain of 1.61% for the day. The total traded volume was 894,742 . The stock had closed at $68.93 on the previous day.

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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