Large Inflow of Money Detected in Sally Beauty Holdings

Sally Beauty Holdings (SBH) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $4.33 million worth of transactions were on upticks, whereas, the downticks accounted for $3.12 million worth of transactions. The net money flow was a positive $1.2 million and the uptick to downtick ratio was 1.39. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.94 in their favor. The net money flow into the stock was $1.44 million. The value of block trades done on downticks was only $1.53 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $2.97 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Sally Beauty Holdings (SBH) was trading at $29.54, down $0.02 during day. The stock slid -0.07% over the previous days close. For the week, the stock recorded 1.2% over the previous weeks close.


Also, In a research note released to the investors, Wells Fargo upgrades its rating on Sally Beauty Holdings (NYSE:SBH).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on June 2, 2016.

Sally Beauty Holdings (NYSE:SBH): The stock opened at $29.64 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.74 for the day. The stock traded down to $29.45 during the day, due to lack of any buying support eventually closed down at $29.47 with a loss of -0.30% for the day. The stock had closed at $29.56 on the previous day. The total traded volume was 922,248 shares.

The stock has recorded a 20-day Moving Average of 0.87% and the 50-Day Moving Average is 1.01%. In a related news, The Securities and Exchange Commission has divulged that Eisenberg Marshall E, director of Sally Beauty Holdings, Inc., had unloaded 12,000 shares at an average price of $30.32 in a transaction dated on June 2, 2016. The total value of the transaction was worth $363,840.

Sally Beauty Holdings, Inc. (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items. Sally Beauty Supply is an open-line distributor of professional beauty supplies in the United States. Sally beauty supply products are sold in shopping centers, grocery stores, mass merchants and home centers. BSG is a full-service distributor of beauty supplies in North America. BSG and Armstrong McCall stores provide beauty product SKUs that include hair color, hair care, skin and nail care, beauty sundries and electrical appliances. BSG stores are located in secondary strip shopping centers.

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