Shares of Target Corporation (NYSE:TGT) Sees Large Outflow of Money

Target Corporation (NYSE:TGT) : Wednesdays money flow analysis of Target Corporation (NYSE:TGT) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $90.33 million. In comparison, the inflow of money on upticks was a meager $73.53 million. The dollar value of composite uptick trades minus the downtick trades was negative $16.8 million. The uptick to downtick ratio of 0.81 in the money flow shows weakness. The uptick block trades were valued at $23.97 million. The downtick transaction value was high at $41.84 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.57. Hence, the net money flow in the stock was negative ($17.86 million). Target Corporation (NYSE:TGT) gained $0.26 at $70, a change of 0.37% over the previous days close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Darden Calvin, director of Target Corp, had unloaded 37,105 shares at an average price of $67.02 in a transaction dated on May 19, 2016. The total value of the transaction was worth $2,486,777. Currently the company Insiders own 0.25% of Target Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 42.13% . Institutional Investors own 90.72% of Target Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 21.24%.

The company shares have dropped -15.97% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $85.31 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $69.58 and the 200 Day Moving Average price is recorded at $74.92. Target Corporation (NYSE:TGT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.76 and $69.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.00, notching a gain of 0.37% for the day. The total traded volume was 6,771,275 . The stock had closed at $69.74 on the previous day.

Target Corporation is engaged in providing everyday essentials and fashionable, and differentiated merchandise at discounted prices. The Company offers its products through stores, online or through mobile devices. The Company sells an assortment of general merchandise and food through its store and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its urban format stores, CityTarget and TargetExpress, offer edited general merchandise and food assortments. Its digital channels include an assortment of general merchandise, including various items found in its stores, along with a complementary assortment, such as additional sizes and colors sold online. The Companys brands include Archer Farms, Simply Balanced, Boots & Barkley, Circo, Embark, Gilligan & OMalley, Market Pantry, Merona, Room Essentials, Smith & Hawken, Spritz and Sutton & Dodge.

Leave a Reply

Get Pre-Market Alerts!

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