Large Inflow of Money Detected in Abercrombie & Fitch Company

Abercrombie & Fitch Company (ANF) : Abercrombie & Fitch Company (ANF) had a healthy money flow of $4.92 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $91.31 million, whereas, investors only sold shares worth $86.38 million on downticks. The stock closed the day with an up-down ratio of 1.06.The money flow in the block trades to the tune of $7.32 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $9.42 million worth of transactions were on upticks. A paltry $2.11 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 4.48. Abercrombie & Fitch Company (ANF) stock slid $4.66 intraday and traded at 18.29, a change of -20.31% over previous days close. However, for the week, the company shares are -19.14% compared to previous weeks close.


Also, In a research note released to the investors, Deutsche Bank upgrades its rating on Abercrombie & Fitch Company (NYSE:ANF).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Sell by the brokerage firm. The rating by the firm was issued on June 15, 2016.

Abercrombie & Fitch Co. has lost 19.5% in the last five trading days and dropped 11.69% in the last 4 weeks. Abercrombie & Fitch Co. has dropped 6.3% during the last 3-month period . Year-to-Date the stock performance stands at -31.1%.

Abercrombie & Fitch Company (NYSE:ANF): The stock opened at $19.50 on Tuesday but the bulls could not build on the opening and the stock topped out at $19.51 for the day. The stock traded down to $18.06 during the day, due to lack of any buying support eventually closed down at $18.29 with a loss of -20.31% for the day. The stock had closed at $22.95 on the previous day. The total traded volume was 23,020,210 shares.

In a related news, The Securities and Exchange Commission has divulged that Chang Diane, officer (EVP of Sourcing) of Abercrombie & Fitch Co /De/, had unloaded 7,600 shares at an average price of $32.05 in a transaction dated on March 18, 2016. The total value of the transaction was worth $243,580.

Abercrombie & Fitch Co. (A&F) is a retailer that operates stores and direct-to-consumer operations. The Company operates through three business segments: U.S. Stores, International Stores and Direct-to-Consumer. The U.S. Stores segment includes store operations in the United States and Puerto Rico. The International Stores segment includes store operations in Canada, Europe, Asia, Australia and the Middle East. The Direct-to-Consumer segment includes operations directly associated with on-line operations, both United States and international. A&F sells products, including casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands. It also sells bras, underwear, personal care products, sleepwear and at-home products for girls through Hollister under the Gilly Hicks brand.

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