Large Inflow of Money Detected in TJX Companies (The)

TJX Companies (The) (TJX) stock had a bullish inflow of $7.01 million worth of trades on uptick and an outflow of $4.08 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.72. The net money flow into the stock was $2.93 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $3.48 million. $3.48 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, TJX Companies (The) (TJX) stock traded down $0.05 , and reached $79.3, a drop of -0.06% over the previous day. On a weekly basis, the stock is 1.91%, over the previous weeks close.


Also, In a research note released to the investors, Bernstein maintains its rating on TJX Companies (The) (NYSE:TJX).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Bernstein raises the new price target from $82 per share to $83 per share. The rating by the firm was issued on May 18, 2016.

TJX Companies (The) (NYSE:TJX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.59 and $79.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.67, notching a gain of 0.40% for the day. The total traded volume was 2,438,506 . The stock had closed at $79.35 on the previous day.

The stock has recorded a 20-day Moving Average of 3.15% and the 50-Day Moving Average is 4.27%. In a related news, Alvarez Jose B, director of Tjx Companies Inc /De/, unloaded 1,158 shares at an average price of $76.51 on June 15, 2016. The total amount of the transaction was worth $88,599, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

The TJX Companies, Inc. (TJX) is an off-price apparel and home fashions. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX Europe. The Marmaxx and HomeGoods business offers family apparel, home fashions, accent furniture, lamps, rugs, wall decor, decorative accessories and giftware and other merchandise. The TJX Canada offers jewelry and home fashions. TJX Europe operates the T.K. Maxx and HomeSense chains in Europe. The Company operates approximately 3,461 stores in countries, including the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria and Australia.

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