Large Inflow of Money Detected in Coty

Coty (COTY) : $3.76 million worth of transactions were on upticks in Coty (COTY), compared to $1.78 million on downticks. The ratio between the two was 2.11, whereas, the net money flow stood at a healthy $1.98 million on Wednesdays session.The block trades show a bullish bias with only $0.27 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $2.21million worth of trades. The up-down ratio between the uptick and downtick was 8.14, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $1.94 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.62%. The stock was trading at $27.13, with a drop of $0.17 over the previous days close. The stock recorded -1.7% for the week.


Also, Equity analysts at the Brokerage firm Bank of America downgrades its rating on Coty (NYSE:COTY). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 18, 2016.

Coty (NYSE:COTY): The stock opened at $27.09 on Wednesday but the bulls could not build on the opening and the stock topped out at $27.35 for the day. The stock traded down to $27.01 during the day, due to lack of any buying support eventually closed down at $27.13 with a loss of -0.62% for the day. The stock had closed at $27.30 on the previous day. The total traded volume was 446,070 shares.

The stock has recorded a 20-day Moving Average of 2.16% and the 50-Day Moving Average is 3.03%. In a related news,The officer (SVP of Human Resources) of Coty Inc., Froidefond Sebastien sold 3,983 shares at $27.02 on July 11, 2016. The Insider selling transaction had a total value worth of $107,621. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Coty Inc. is a beauty company. The Company manufactures and markets beauty products in the Fragrances, Color Cosmetics and Skin & Body Care segments with distribution in over 130 countries and territories across both prestige and mass markets. Fragrances products include a variety of mens and womens products and include fashion designer, celebrity and lifestyle brands. Color Cosmetics products include nail and other color cosmetics, consisting of lip, eye and other facial color products. Skin & Body Care products include shower gels, deodorants, skin care and sun treatment products. The Companys top 10 brands include adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.

Leave a Reply

Get Pre-Market Alerts!

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