Large Inflow of Money Detected in Ross Stores

Ross Stores (ROST) : Wednesdays money flow indicated an uptick to downtick ratio was at 6.23. The total value of inflow transactions on upticks was $2.27 million, whereas, the total value of outflow trades on downticks was $0.36 million. The total money flow was $1.91 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $1.9 million. The total value of the trades done on upticks was $1.9 million. Ross Stores (ROST) was trading with a -0.2% change over previous days close. It fell $0.12 during the day and reached $59.09. The stock was 1.55% compared to the previous weeks close.


Also, Brokerage firm UBS maintains its rating on Ross Stores (NASDAQ:ROST). As per the latest information, the brokerage house lowers the price target to $57 per share from a prior target of $60. The shares have been rated Neutral. The rating by the firm was issued on May 20, 2016.

Ross Stores (NASDAQ:ROST): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.22 and $59.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.32, notching a gain of 0.19% for the day. The total traded volume was 1,751,393 . The stock had closed at $59.21 on the previous day.

The stock has recorded a 20-day Moving Average of 4.72% and the 50-Day Moving Average is 7.68%. In a related news, The Securities and Exchange Commission has divulged that Orban George, director of Ross Stores Inc, had unloaded 56,000 shares at an average price of $57.48 in a transaction dated on July 8, 2016. The total value of the transaction was worth $3,218,880.

Ross Stores, Inc. is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dds DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dds DISCOUNTS stores in 15 states. The Ross and dds DISCOUNTS stores are supported by five distribution centers. The Ross brand stores offers its products at savings of 20% to 60% off department and specialty store regular prices every day. Ross target customers are primarily from middle income households. The dds DISCOUNTS stores offers its products at savings of 20% to 70% off moderate department and discount store regular prices every day. Its target customers typically come from households with moderate incomes.

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