Large Outflow of Money Witnessed in Tempur Sealy International

Tempur Sealy International (TPX) : Fridays money flow analysis of Tempur Sealy International (TPX) 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 $23.94 million. In comparison, the inflow of money on upticks was a meager $14.17 million. The dollar value of composite uptick trades minus the downtick trades was negative $9.77 million. The uptick to downtick ratio of 0.59 in the money flow shows weakness. The uptick block trades were valued at $2.97 million. The downtick transaction value was high at $13.99 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.21. Hence, the net money flow in the stock was negative ($11.02 million). Tempur Sealy International (TPX) gained $1.24 at $61.37, a change of 2.06% over the previous days close.


Tempur Sealy International (TPX) : The highest level Tempur Sealy International (TPX) is projected to reach is $92 for the short term and the lowest estimate is at $58. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $71.29 and the possibility the share price can swing is $11.51.

Tempur Sealy International (NYSE:TPX): stock turned positive on Friday. Though the stock opened at $60.23, the bulls momentum made the stock top out at $61.67 level for the day. The stock recorded a low of $59.66 and closed the trading day at $61.37, in the green by 2.06%. The total traded volume for the day was 1,343,188. The stock had closed at $60.13 in the previous days trading.

In a related news, Spenchian Jay G, officer (EVP, Chief Marketing Officer) of Tempur Sealy International, Inc., had purchased 7,000 shares on June 15, 2016. The total value of the transaction was $408,590. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Tempur Sealy International, Inc. is a bedding provider. The Company develops, manufactures, markets and distributes bedding products, which it sells globally in approximately 100 countries. The Company operates in three segments: Tempur North America, Tempur International and Sealy. The Companys brand portfolio includes TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum and Stearns & Foster. The Company sells its products through three distribution channels in each operating business segment: Retail, which consists of furniture and bedding retailers, department stores, specialty retailers and warehouse clubs; Direct, which consists of electronic commerce (e-commerce) platform, Company-owned stores and call center, and Other, which includes third party distributors, hospitality and healthcare customers.

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