Shares of Avnet (AVT) Sees Large Inflow of Net Money Flow

Avnet (AVT) : Investors lapped up stocks on upticks to the tune of $44.4 million in the Tuesdays trading session. The trading value on downticks was comparatively at $31.49 million and the uptick to downtick ratio of 1.41 indicates continuous buying by the bulls. The net money flow into the stock was $12.9 million. The block trades were dominated by the bulls with a healthy 11.65, uptick to downtick ratio. Only $0.98 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $11.36 clearly indicating buying by large investors. The total money flow for block trades stood at $10.39 million, which is a positive for the stock in the long-term. Avnet (AVT) fell $2.45 during the day at $38.8, a drop of -5.94% over the previous days close. However, for the week, the stock is -3.65%, compared to the previous week.


The company Insiders own 1.13% of Avnet shares according to the proxy statements. Institutional Investors own 94.5% of Avnet shares. In an insider trading activity, The Securities and Exchange Commission has divulged that Miller Maryann G., officer (Senior Vice President) of Avnet Inc, had unloaded 9,562 shares at an average price of $42.45 in a transaction dated on September 9, 2015. The total value of the transaction was worth $405,907.

Shares of Avnet, Inc. appreciated by 1.1% during the last five trading days but lost 6.06% on a 4-week basis. Avnet, Inc. has dropped 9.29% during the last 3-month period . Year-to-Date the stock performance stands at -6.66%.

Avnet (NYSE:AVT): stock turned positive on Tuesday. Though the stock opened at $39.03, the bulls momentum made the stock top out at $39.88 level for the day. The stock recorded a low of $38.6 and closed the trading day at $39.66, in the green by 2.22%. The total traded volume for the day was 3,195,910. The stock had closed at $38.8 in the previous days trading.

Avnet, Inc. distributes electronic components, enterprise computer and storage products, information technology solutions and services, and embedded subsystems. The Company operates in two segments: Electronics Marketing (EM) and Technology Solutions (TS). Both operating groups have operations in each of the three economic regions of the world: the Americas; Europe, the Middle East and Africa; and Asia/Pacific, consisting of Asia, Australia and New Zealand. The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices, and embedded products to a diverse customer base serving many end-markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and complex solutions from the technology manufacturers. The TS segment also provides hard disk drives, microprocessor, motherboard and dynamic random-access memory module technologies to manufacturers of computers and system builders.

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