Shares of Abercrombie & Fitch Company (ANF) Sees Large Inflow of Net Money Flow

Abercrombie & Fitch Company (ANF) : Abercrombie & Fitch Company (ANF) had a healthy money flow of $6.69 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $11.2 million, whereas, investors only sold shares worth $4.5 million on downticks. The stock closed the day with an up-down ratio of 2.49.The money flow in the block trades to the tune of $6.51 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $7.51 million worth of transactions were on upticks. A paltry $1 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 7.51. Abercrombie & Fitch Company (ANF) stock slid $0.15 intraday and traded at 20.12, a change of -0.74% over previous days close. However, for the week, the company shares are 4.9% compared to previous weeks close.


Abercrombie & Fitch Company (ANF) stock is expected to deviate a maximum of $4.93 from the average target price of $24.07 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $35 and the most muted being $17.

Abercrombie & Fitch Company (NYSE:ANF): On Fridays trading session , Opening price of the stock was $20.09 with an intraday high of $20.2. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $19.75. However, the stock managed to close at $20.12, a loss of 0.74% for the day. On the previous day, the stock had closed at $20.27. The total traded volume of the day was 1,669,553 shares.

In a related news,The officer (EVP of Sourcing) of Abercrombie & Fitch Co /De/, Chang Diane sold 7,600 shares at $32.05 on March 18, 2016. The Insider selling transaction had a total value worth of $243,580. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Abercrombie & Fitch Co. (A&F) is a retailer that operates stores and direct-to-consumer operations. The Company operates through three business segments: U.S. Stores, International Stores and Direct-to-Consumer. The U.S. Stores segment includes store operations in the United States and Puerto Rico. The International Stores segment includes store operations in Canada, Europe, Asia, Australia and the Middle East. The Direct-to-Consumer segment includes operations directly associated with on-line operations, both United States and international. A&F sells products, including casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands. It also sells bras, underwear, personal care products, sleepwear and at-home products for girls through Hollister under the Gilly Hicks brand.

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