Acuity Brands Inc (AYI) : The money flow analysis of Acuity Brands Inc (AYI) indicates a $9.47 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $12.49 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.32 and so was the total money flow at $3.02 million. The bulls lapped up $3.48 million worth of block trades on upticks. The money flow was $3.48 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Acuity Brands Inc (AYI), pushing it down by -0.01% for the day. The stock slid $0.03 and traded at $264.96 during the day. Nonetheless, the stock is -0.17% over the previous weeks close.
Acuity Brands Inc (AYI) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $295 and the lowest price target forecast is $255. The average forecast of all the analysts is $276.57 and the expected standard deviation is $14.01.
Acuity Brands Inc (NYSE:AYI): On Fridays trading session , Opening price of the stock was $264.01 with an intraday high of $265.3499. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $262.01. However, the stock managed to close at $264.96, a loss of 0.01% for the day. On the previous day, the stock had closed at $264.99. The total traded volume of the day was 138,197 shares.
In a related news, Nagel Vernon J, director officer (Chairman, President, and CEO) of Acuity Brands Inc, unloaded 65,060 shares at an average price of $268.3 on July 11, 2016. The total amount of the transaction was worth $17,455,598, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Acuity Brands, Inc. (Acuity Brands), is the parent company of Acuity Brands Lighting, Inc. (ABL), and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets. The Companys lighting solutions include devices, such as luminaires, lighting controls, power supplies, prismatic skylights, light-emitting diode (LED) lamps, and integrated lighting systems for indoor and outdoor applications utilizing a combination of light sources, including daylight, and other devices controlled by software that monitors and manages light levels while optimizing energy consumption (collectively referred to herein as lighting solutions). On March 13, 2013, the Company acquired eldoLED Europe BV.