Shares of Harman International Industries Incorporated (HAR) Sees Large Inflow of Net Money Flow

Harman International Industries Incorporated (HAR) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $22.65 million worth of transactions were on upticks, whereas, the downticks accounted for $18.44 million worth of transactions. The net money flow was a positive $4.2 million and the uptick to downtick ratio was 1.23. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 5.64 in their favor. The net money flow into the stock was $5.66 million. The value of block trades done on downticks was only $1.22 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $6.88 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Harman International Industries Incorporated (HAR) was trading at $79.72, down $2.39 during day. The stock slid -2.91% over the previous days close. For the week, the stock recorded 2.24% over the previous weeks close.


Harman International Industries Incorporated (HAR) : The highest level Harman International Industries Incorporated (HAR) is projected to reach is $150 for the short term and the lowest estimate is at $60. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $95.6 and the possibility the share price can swing is $24.9.

Harman International Industries Incorporated (NYSE:HAR): On Fridays trading session , Opening price of the stock was $80.87 with an intraday high of $81.11. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $79.54. However, the stock managed to close at $79.72, a loss of 2.91% for the day. On the previous day, the stock had closed at $82.11. The total traded volume of the day was 987,603 shares.

In a related news, The Securities and Exchange Commission has divulged that Santana Ralph, (Chief Marketing Officer) of Harman International Industries Inc /De/, had unloaded 3,650 shares at an average price of $72.17 in a transaction dated on May 6, 2016. The total value of the transaction was worth $263,421.

Harman International Industries, Incorporated, is engaged in the designing and engineering of connected products and solutions for automakers, consumers and enterprises, including audio systems, visual products, enterprise automation solutions and connected services. The Company operates through four segments. The Infotainment segment offers infotainment systems for vehicle applications. The Lifestyle segment offers car audio systems for vehicle applications, as well as a range of loudspeaker and electronics for home, multimedia and mobile applications. The Professional segment provides audio, lighting, video and control and automation solutions for commercial, enterprise and public space applications. The Services segment creates software solutions that integrate design, mobility, cloud and analytics. Its brands include AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft and Studer.

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