Large Inflow of Money Detected in Genesco

Genesco (GCO) : Wednesdays money flow data in Genesco (GCO) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $3.84 million, whereas, $2.33 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.65, in favor of the bulls. The total money flow into the stock was $1.51 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $1.19 million. The total value of block trades done on upticks was $1.19 million. Genesco (GCO) fell $0.75 and traded at $67.02, down -1.11% for the day, over previous days close. On a weekly basis, the shares are 0.1% over the previous weeks close.


Also, Equity Analysts at the Baird upgrades the rating on Genesco (NYSE:GCO). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on May 26, 2016.

Genesco (NYSE:GCO): The stock opened at $66.50 on Wednesday but the bulls could not build on the opening and the stock topped out at $67.35 for the day. The stock traded down to $65.55 during the day, due to lack of any buying support eventually closed down at $66.96 with a loss of -1.20% for the day. The stock had closed at $67.77 on the previous day. The total traded volume was 189,075 shares.

The stock has recorded a 20-day Moving Average of 2.52% and the 50-Day Moving Average is 3.9%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Sr VP-Finance and CFO) of Genesco Inc, Vaughn Mimi Eckel had sold 4,000 shares worth of $264,400 in a transaction dated June 20, 2016. In this transaction, 4,000 shares were sold at $66.1 per share.

Genesco Inc. is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. Journeys Group consists of Journeys, Journeys Kidz, Shi by Journeys and Underground by Journeys retail footwear chains, catalog and e-commerce operations. Schuh Group consists of the Schuh retail footwear chain and e-commerce operations. Lids Sports Group consists of Lids, the Lids Locker Room and Lids Clubhouse businesses, Locker Room, Lids Team Sports, and headwear and accessory stores. Johnston & Murphy Group consists of Johnston & Murphy retail operations, catalog and e-commerce operations and wholesale distribution of products under the Johnston & Murphy and Trask brands. Licensed Brands, consists of Dockers Footwear, sourced and marketed under a license from Levi Strauss & Company and SureGrip Footwear, occupational footwear sold directly to consumers and other brands.

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