Large Inflow of Money Detected in Advance Auto Parts Inc

Advance Auto Parts Inc (AAP): $0.81 million was the positive money flow into the stock on Tuesday and the up/down ratio of ticks was also in favor of the bulls at 1.83. The value of trades done on upticks was $1.79 million, whereas, trades done on downticks were valued at $0.98 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.1 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0 million. Advance Auto Parts Inc (AAP) fell $0.32 traded at $157.35, a change of -0.2% over the previous day. The stock is 0.33% for the week.


Also, Equity Analysts at the Deutsche Bank maintains the rating on Advance Auto Parts Inc (NYSE:AAP). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $180 per share to $175 per share. The rating by the firm was issued on August 17, 2016.

Advance Auto Parts Inc. has lost 0.81% in the last five trading days and dropped 7.03% in the last 4 weeks. Advance Auto Parts Inc. is up 2.21% in the last 3-month period. Year-to-Date the stock performance stands at 4.17%.

Advance Auto Parts Inc (NYSE:AAP): The stock opened at $157.98 on Tuesday but the bulls could not build on the opening and the stock topped out at $157.98 for the day. The stock traded down to $156.08 during the day, due to lack of any buying support eventually closed down at $156.66 with a loss of -0.64% for the day. The stock had closed at $157.67 on the previous day. The total traded volume was 723,077 shares.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Advance Auto Parts Inc, Slone Reuben E had purchased shares worth of $99,850 in a transaction dated on August 18, 2016. A total of 632 shares were purchased at a price of $157.99 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Advance Auto Parts, Inc. is a provider of automotive aftermarket parts. The companys stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. The company serves its do-it-for-me (commercial) customers and do-it-yourself (DIY) customers through a variety of channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites. As of January 3, 2015, the Companys operations are comprised of 5,261 stores and 111 distribution branches, which operate in the United States, Canada, Puerto Rico and the United States Virgin Islands primarily under the trade names Advance Auto Parts, Carquest, Autopart International and Worldpac.

Leave a Reply

Get Pre-Market Alerts!

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