Shares of Oxford Industries (NYSE:OXM) Sees Large Outflow of Money

Oxford Industries (NYSE:OXM): The stock had negative money flow to the tune of ($1.33 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.06 million, whereas, the outflow of money on downticks was $1.39 million and the ratio between the two was 0.04. The block trade had a negative net money flow of ($1.37 million). On the other hand, downticks amounted to $1.37 million of the traded value, which shows distribution in the stock by traders. Oxford Industries (NYSE:OXM) closed with marginal gains of 160 cents to end the day at $55.75, an increase of 2.95% over the previous days close. The stock recorded -0.34% for the week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Pillow Terry R, officer (CEO, TOMMY BAHAMA GROUP) of Oxford Industries Inc, had unloaded 5,000 shares at an average price of $86.08 in a transaction dated on June 10, 2015. The total value of the transaction was worth $430,400. Currently the company Insiders own 3.18% of Oxford Industries shares according to the proxy statements. Institutional Investors own 85.04% of Oxford Industries shares.

The company shares have dropped -37.13% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $91.24 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $60.52 and the 200 Day Moving Average price is recorded at $64.94. Oxford Industries (NYSE:OXM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.98 and $54.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.47, notching a gain of 2.44% for the day. The total traded volume was 172,807 . The stock had closed at $54.15 on the previous day.

Oxford Industries, Inc. is a global apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned lifestyle brands, as well as certain licensed and private label apparel products. The Companys portfolio of brands includes Tommy Bahama, Lilly Pulitzer and Ben Sherman. It distributes its own lifestyle branded products through its direct to consumer channel, consisting of its retail stores and e-commerce sites, and its wholesale distribution channel, which includes better department stores and specialty stores. In addition to operating e-commerce Websites for each of its lifestyle brands, as of January 31, 2015, the Company operated 157 Tommy Bahama, 28 Lilly Pulitzer and 21 Ben Sherman retail locations, including outlet locations for Tommy Bahama and Ben Sherman. The Companys business is primarily operated through its operating groups: Tommy Bahama, Lilly Pulitzer, Lanier Clothes and Ben Sherman.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.