Shares of Smith & Wesson Holding Corporation (SWHC) Sees Large Outflow of Money

Smith & Wesson Holding Corporation (SWHC) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($0.55 million) and the uptick to downtick ratio was 0.22. The transaction value on upticks was $0.15 million and on downticks, the transaction value was $0.71 million. The transaction value of block trades during downticks was $0.57 million. The money flow was negative ($0.57 million), indicating the traders were booking profit on the price strength. Smith & Wesson Holding Corporation (SWHC) rose $0.09 at $28.85, during intraday Wednesday , a rise of 0.31% over the previous days close.


Also, Major Brokerage house, Cowen & Company upgrades its ratings on Smith & Wesson Holding Corporation (NASDAQ:SWHC). In the latest research report, Cowen & Company lowers the target price from $29 per share to $28 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on June 17, 2016.

Smith & Wesson Holding Corporation (NASDAQ:SWHC): The stock opened at $28.71 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.12 for the day. The stock traded down to $28.64 during the day, due to lack of any buying support eventually closed down at $28.73 with a loss of -0.10% for the day. The stock had closed at $28.76 on the previous day. The total traded volume was 1,116,131 shares.

The stock has recorded a 20-day Moving Average of 4.69% and the 50-Day Moving Average is 16.18%. In a related news, Furman John B, director of Smith & Wesson Holding Corp, unloaded 19,679 shares at an average price of $29.75 on July 8, 2016. The total amount of the transaction was worth $585,450, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns, including revolvers and pistols; long guns, including modern sporting rifles, bolt action rifles, and single shot rifles; handcuffs, and firearm-related products and accessories. The Company operates through two segments: firearms and accessories. The firearm segment consists of products and services manufactured and sold from its Springfield, Massachusetts; Houlton, Maine, and Deep River, Connecticut facilities, which includes firearms, handcuffs, and other related products. The Company sells the products through a distribution chain and direct sales to consumers and international, state, and federal Governments. The accessories segment consists of hunting and shooting accessories developed and marketed from its Columbia, Missouri facility. The Company also provides shooting, reloading, gunsmithing, and gun cleaning supplies.

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