V.F. Corporation (VFC) : The total negative money flow of $12.47 million on Wednesday indicates selling on strength. The inflow of money on upticks was $18.06 million, compared to $30.54 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.59. The negative money flow of $9.78 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $9.78 million. The price action in the V.F. Corporation (VFC) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $64.22 with a gain of $0.42 , a change of 0.66% over the previous days close. The stock registered 0.3% for the week.
Also, Major Brokerage house, Brean Capital downgrades its ratings on V.F. Corporation (NYSE:VFC). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on July 15, 2016.
V.F. Corporation (NYSE:VFC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.00 and $63.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.22, notching a gain of 0.66% for the day. The total traded volume was 1,928,355 . The stock had closed at $63.80 on the previous day.
The stock has recorded a 20-day Moving Average of 2.16% and the 50-Day Moving Average is 3.1%. In a related news, The Securities and Exchange Commission has divulged that Wiseman Eric C, (Chairman & CEO) of V F Corp, had unloaded 99,666 shares at an average price of $65.77 in a transaction dated on March 7, 2016. The total value of the transaction was worth $6,555,033.
V.F. Corporation (VF) is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and accessories. The Company operates through five coalitions: Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear and Contemporary Brands. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories. The Companys brands primarily include The North Face, Vans, Timberland, Wrangler, Lee and Nautica. The Companys products are marketed to consumers shopping in specialty stores, upscale and traditional department stores, national chains, mass merchants and its own direct-to-consumer operations. Its direct-to-consumer business includes VF-operated stores, concession retail stores and e-commerce sites. The Companys brands sell products in international markets through licensees, distributors and independently-operated partnership stores.