Large Inflow of Money Detected in Deere & Company

Deere & Company (DE) : $20.72 million worth of transactions were on upticks in Deere & Company (DE), compared to $17.91 million on downticks. The ratio between the two was 1.16, whereas, the net money flow stood at a healthy $2.81 million on Wednesdays session.The block trades show a bullish bias with only $1.33 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $2.99million worth of trades. The up-down ratio between the uptick and downtick was 2.24, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $1.66 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.24%. The stock was trading at $83.06, with a drop of $0.2 over the previous days close. The stock recorded -0.42% for the week.


Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, upgrades their rating on the shares of Deere & Company (NYSE:DE). Goldman Sachs has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $105 per share from a prior target of $87. The rating by the firm was issued on June 3, 2016.

Deere & Company (NYSE:DE): The stock opened at $83.04 on Wednesday but the bulls could not build on the opening and the stock topped out at $83.46 for the day. The stock traded down to $82.75 during the day, due to lack of any buying support eventually closed down at $82.81 with a loss of -0.54% for the day. The stock had closed at $83.26 on the previous day. The total traded volume was 2,297,555 shares.

The stock has recorded a 20-day Moving Average of 1.25% and the 50-Day Moving Average is 0.46%. In a related news,The officer (Senior Vice President & CFO) of Deere & Co, Kalathur Rajesh sold 4,366 shares at $79.52 on December 2, 2015. The Insider selling transaction had a total value worth of $347,184. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Companys agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Companys construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The Companys financial services segment primarily provides credit services, which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.

Leave a Reply

Get Pre-Market Alerts!

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