Large Outflow of Money Witnessed in Genuine Parts Company

Genuine Parts Company (GPC) : Fridays money flow analysis of Genuine Parts Company (GPC) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $1.45 million. In comparison, the inflow of money on upticks was a meager $0.75 million. The dollar value of composite uptick trades minus the downtick trades was negative $0.7 million. The uptick to downtick ratio of 0.52 in the money flow shows weakness. The downtick transaction value was high at $0 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($0 million). Genuine Parts Company (GPC) gained $0.33 at $99.11, a change of 0.33% over the previous days close.


Genuine Parts Company (GPC) : Currently there are 5 street experts covering Genuine Parts Company (GPC) stock. The most bullish and bearish price target for the stock is $106 and $92 respectively for the short term. The average price target of all the analysts comes to $98.8. The estimated standard deviation from the target is $6.53.

Genuine Parts Company (NYSE:GPC): stock turned positive on Friday. Though the stock opened at $98.68, the bulls momentum made the stock top out at $100.02 level for the day. The stock recorded a low of $98.42 and closed the trading day at $99.9, in the green by 1.13%. The total traded volume for the day was 564,395. The stock had closed at $98.78 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Breen Timothy P, officer (Executive Vice President) of Genuine Parts Co, had unloaded 700 shares at an average price of $98.05 in a transaction dated on April 27, 2016. The total value of the transaction was worth $68,635.

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company operates through four segments: Automotive Parts Group, which distributes automotive parts and accessory items; Industrial Parts Group, which distributes industrial replacement parts and related supplies; Office Products Group, which is engaged in the wholesale distribution of a line of office and other business related products, and Electrical/Electronic Materials Group, which distributes materials to more than 20,000 electrical and electronic manufacturers, as well as industrial assembly and specialty wire and cable markets in North America. In 2014, the Companys business was conducted from approximately 2,600 locations throughout the United States, Canada, Mexico, Australia and New Zealand.

Leave a Reply

Get Pre-Market Alerts!

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