Shares of ARRIS Group (ARRS) Sees Large Inflow of Net Money Flow

ARRIS Group (ARRS) stock had a bullish inflow of $5.39 million worth of trades on uptick and an outflow of $4.08 million in downticks on Friday. The total uptick to downtick ratio stood at 1.32. The net money flow into the stock was $1.3 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 $1.19 million. An inflow of $0.68 million block trade was recorded on downticks. $1.88 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 2.74 in favor of the bulls. However, ARRIS Group (ARRS) stock traded down $0.03 , and reached $24.91, a drop of -0.12% over the previous day. On a weekly basis, the stock is 0%, over the previous weeks close.


ARRIS Group (ARRS) : The highest short term price target forecast on ARRIS Group (ARRS) is $40 and the lowest target price is $30. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $34.17 with a standard deviation of $3.76.

ARRIS Group (NASDAQ:ARRS): On Fridays trading session , Opening price of the stock was $24.98 with an intraday high of $25.1404. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $24.73. However, the stock managed to close at $24.88, a loss of 0.24% for the day. On the previous day, the stock had closed at $24.94. The total traded volume of the day was 1,603,010 shares.

In a related news, Brennan James R, (SVP, GLOBAL SUPPLY CHAIN) of Arris International Plc, unloaded 8,500 shares at an average price of $25.88 on May 5, 2016. The total amount of the transaction was worth $219,980, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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