Shares of Tiffany & Co. (TIF) Sees Large Outflow of Money

Tiffany & Co. (TIF) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($2.28 million) and the uptick to downtick ratio was 0.65. The transaction value on upticks was $4.18 million and on downticks, the transaction value was $6.46 million. In block trades, the transaction value of inflow done during uptick was $0.77 million. The transaction value of block trades during downticks was $3.18 million. The uptick to downtick block trade ratio was 0.24. The money flow was negative ($2.41 million), indicating the traders were booking profit on the price strength. Tiffany & Co. (TIF) rose $0.8 at $62.18, during intraday Wednesday , a rise of 1.3% over the previous days close.


Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on Tiffany & Co. (NYSE:TIF). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Goldman Sachs lowers the price target from $71 per share to $69 per share. The rating by the firm was issued on May 26, 2016.

Tiffany & Co. (NYSE:TIF): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.78 and $61.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.39, notching a gain of 1.65% for the day. The total traded volume was 1,454,865 . The stock had closed at $61.38 on the previous day.

The stock has recorded a 20-day Moving Average of 2.4% and the 50-Day Moving Average is 0.13%. In a related news, The Securities and Exchange Commission has divulged that Harlan Leigh M., officer (SENIOR VICE PRESIDENT) of Tiffany & Co, had unloaded 070 shares at an average price of $63.94 in a transaction dated on May 19, 2016. The total value of the transaction was worth $4,476.

Tiffany & Co. is a holding company. The Company operates through its subsidiary companies. The Companys principal product category is jewelry. The Company also sells timepieces, leather goods, sterling silver goods (other than jewelry), china, crystal, stationery, fragrances and accessories. Its brands include TIFFANY and TIFFANY & CO., as well as the TIFFANY BLUE BOX. Its segments include Americas, Asia-Pacific, Japan, Europe and Other. It operates e-commerce enabled Websites in 13 countries, as well as informational Websites in various additional countries.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.