Inter Parfums (IPAR) : Tuesdays money flow data in Inter Parfums (IPAR) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $0.22 million, whereas, $0.03 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 7.2, in favor of the bulls. The total money flow into the stock was $0.19 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $0.1 million. The total value of block trades done on upticks was $0.1 million. Inter Parfums (IPAR) fell $0.06 and traded at $27.97, down -0.21% for the day, over previous days close. On a weekly basis, the shares are 0.07% over the previous weeks close.
The company Insiders own 45.5% of Inter Parfums shares according to the proxy statements. Institutional Investors own 53.96% of Inter Parfums shares. In an insider trading activity, Greenberg Russell, director officer (EX VP and CFO) of Inter Parfums Inc, unloaded 7,000 shares at an average price of $31.21 on April 13, 2016. The total amount of the transaction was worth $218,470, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Shares of Inter Parfums Inc. appreciated by 2.4% during the last five trading days but lost 3.12% on a 4-week basis. Inter Parfums Inc. has dropped 6.55% during the last 3-month period . Year-to-Date the stock performance stands at 21.16%.
Inter Parfums (NASDAQ:IPAR): stock turned positive on Tuesday. Though the stock opened at $28.39, the bulls momentum made the stock top out at $28.805 level for the day. The stock recorded a low of $27.58 and closed the trading day at $28.56, in the green by 1.89%. The total traded volume for the day was 139,239. The stock had closed at $28.03 in the previous days trading.
Inter Parfums, Inc. operates in the fragrance business, and manufacture, markets and distributes an array of fragrances and fragrance related products. The Company operates in two segments: European-based operations and United States-based operations. The Company produces and distributes prestige fragrance products primarily under license agreements with brand owners, and prestige product sales through its European operations. It has a portfolio of prestige brands, which include Balmain, Boucheron, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, S.T. Dupont, Repetto and Van Cleef & Arpels, whose products are distributed in over 100 countries around the world. The Companys Prestige brand and specialty retail fragrance and fragrance related products are marketed through its United States operations. Its brands include Abercrombie & Fitch, Agent Provocateur, Anna Sui, Banana Republic, bebe, Dunhill, Gap, Hollister, Oscar de la Renta and Shanghai Tang brands.