Large Inflow of Money Detected in Hasbro

Hasbro (HAS) : $18.14 million worth of transactions were on upticks in Hasbro (HAS), compared to $15.19 million on downticks. The ratio between the two was 1.19, whereas, the net money flow stood at a healthy $2.95 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $1.21million worth of trades. The total money flow into the stock stood at $1.21 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.21%. The stock was trading at $80.91, with a drop of $0.17 over the previous days close. The stock recorded -5.37% for the week.


Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Hasbro (NASDAQ:HAS). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $98 per share from a prior target of $85. The rating by the firm was issued on June 6, 2016.

Hasbro (NASDAQ:HAS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.50 and $80.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.33, notching a gain of 0.31% for the day. The total traded volume was 2,197,395 . The stock had closed at $81.08 on the previous day.

The stock has recorded a 20-day Moving Average of 2.99% and the 50-Day Moving Average is 4.43%. In a related news, The Securities and Exchange Commission has divulged that Billing Duncan, officer (EVP, Chief Gbl Ops & Bus Dvpmt) of Hasbro Inc, had unloaded 3,514 shares at an average price of $87.27 in a transaction dated on May 26, 2016. The total value of the transaction was worth $306,667.

Hasbro, Inc. (Hasbro), through its wholly owned Hasbro Studios LLC (Hasbro Studios), creates entertainment brand storytelling across mediums, including television, film and among others. Its brand blueprint involves re-imagining, re-inventing, and re-igniting its owned and controlled brands, and imagining, inventing and igniting new brands, through toy and game innovation, immersive entertainment offerings, including television programming and motion pictures, and a range of products, ranging from traditional to digital. The Company markets its brands under product categories, which include boys, games, girls and preschool toys. The Companys business operations include United States, Canada, International, Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP, MONOPOLY, MY LITTLE PONY, NERF, PLAY-DOH and TRANSFORMERS.

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