Shares of Polaris Industries (PII) Sees Large Outflow of Money

Polaris Industries (PII): The stock had negative money flow to the tune of ($11.47 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $110.81 million, whereas, the outflow of money on downticks was $122.27 million and the ratio between the two was 0.91. The block trade had a negative net money flow of ($6.13 million). The total block trade value undertaken on upticks was $4.92 million. On the other hand, downticks amounted to $11.05 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.44. Polaris Industries (PII) closed with marginal gains of 793 cents to end the day at $95.03, an increase of 9.1% over the previous days close. The stock recorded 7.9% for the week.


Also, Brokerage firm Raymond James downgrades its rating on Polaris Industries (NYSE:PII). The shares have been rated Market Perform. Previously, the analysts had a Strong Buy rating on the shares. The rating by the firm was issued on July 12, 2016.

Polaris Industries (NYSE:PII): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $85.60 and $85.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.03, notching a gain of 9.10% for the day. The total traded volume was 4,659,982 . The stock had closed at $87.10 on the previous day.

The stock has recorded a 20-day Moving Average of 12.71% and the 50-Day Moving Average is 13.22%. In a related news, Farr Kevin M, director of Polaris Industries Inc/Mn had purchased 2,100 shares on May 23, 2016 in a transaction. The price per share was $83.15 and the total amount of the disclosed transaction was $174,615.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Polaris Industries Inc. (Polaris) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, motorcycles and small vehicles (SV). These products are sold through dealers and distributors located in the United States, Canada and Europe. The Companys ORVs include core ATVs, and RANGER and RZR side-by-side vehicles. The Company produces a range of snowmobiles, consisting of 32 models, ranging from youth models to utility and economy models to performance and competition models. Polaris Motorcycles division consists of Victory, Indian motorcycles and three-wheel roadster motorcycle, Slingshot. The Company offer products in the light-duty hauling, people mover and urban/suburban commuting sub-sectors of the small vehicles industry. The Company produces or supplies a range of replacement parts and accessories for its product lines.

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