Large Inflow of Money Detected in Tractor Supply Company

Tractor Supply Company (TSCO) stock had a bullish inflow of $5.78 million worth of trades on uptick and an outflow of $4.14 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.4. The net money flow into the stock was $1.64 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 $1.06 million. $1.06 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Tractor Supply Company (TSCO) stock traded down $0.22 , and reached $92.77, a drop of -0.23% over the previous day. On a weekly basis, the stock is 0.84%, over the previous weeks close.


Also, JP Morgan maintains its view on Tractor Supply Company (NASDAQ:TSCO) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. JP Morgan lowers the price target from $105 per share to $103 per share on Tractor Supply Company. The rating by the firm was issued on June 30, 2016.

Tractor Supply Company (NASDAQ:TSCO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $93.10 and $92.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $93.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $93.13, notching a gain of 0.16% for the day. The total traded volume was 1,160,231 . The stock had closed at $92.98 on the previous day.

The stock has recorded a 20-day Moving Average of 0.29% and the 50-Day Moving Average is 0.35%. In a related news, The officer (EVP Chief Financial Officer), of Tractor Supply Co /De/, Crudele Anthony F had unloaded 18,894 shares at $96.16 per share in a transaction on June 1, 2016. The total value of transaction was $1,816,847. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. As of December 27, 2014, it operated 1,382 retail stores in 49 states under the names Tractor Supply Company, Dels Feed & Farm Supply and HomeTown Pet. It also operates a Website under the name It offers a portfolio of products, which include equine, livestock, pet and small animal products; hardware, truck, towing and tool products; seasonal products, including lawn and garden items, power equipment, gifts and toys; work/recreational clothing and footwear, and maintenance products for agricultural and rural use. Its products are offered under various brands, which include 4health, Blue Mountain, Countyline, Equistages, Groundwork, Huskee, JobSmart, Dumor, C.E. Schmidt, Paws & Claws, Producers Pride and Redstone, among others.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.