Large Inflow of Money Detected in Acuity Brands Inc

Acuity Brands Inc (AYI) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $16.5 million worth of transactions were on upticks, whereas, the downticks accounted for $9.56 million worth of transactions. The net money flow was a positive $6.94 million and the uptick to downtick ratio was 1.73. The net money flow into the stock was $6.7 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $6.7 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Acuity Brands Inc (AYI) was trading at $266.63, down $0.07 during day. The stock slid -0.03% over the previous days close. For the week, the stock recorded 0.46% over the previous weeks close.


Also, Major Brokerage house, Oppenheimer maintains its ratings on Acuity Brands Inc (NYSE:AYI). In the latest research report, Oppenheimer raises the target price from $245 per share to $295 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on April 7, 2016.

Acuity Brands Inc (NYSE:AYI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $267.89 and $265.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $269.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $267.82, notching a gain of 0.42% for the day. The total traded volume was 256,503 . The stock had closed at $266.70 on the previous day.

The stock has recorded a 20-day Moving Average of 5.1% and the 50-Day Moving Average is 5.8%. In a related news, Nagel Vernon J, director officer (Chairman, President, and CEO) of Acuity Brands Inc, unloaded 65,060 shares at an average price of $268.3 on July 11, 2016. The total amount of the transaction was worth $17,455,598, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Acuity Brands, Inc. (Acuity Brands), is the parent company of Acuity Brands Lighting, Inc. (ABL), and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets. The Companys lighting solutions include devices, such as luminaires, lighting controls, power supplies, prismatic skylights, light-emitting diode (LED) lamps, and integrated lighting systems for indoor and outdoor applications utilizing a combination of light sources, including daylight, and other devices controlled by software that monitors and manages light levels while optimizing energy consumption (collectively referred to herein as lighting solutions). On March 13, 2013, the Company acquired eldoLED Europe BV.

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