Large Inflow of Money Detected in ARRIS Group

ARRIS Group (ARRS): $2.17 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 2.91. The value of trades done on upticks was $3.3 million, whereas, trades done on downticks were valued at $1.13 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 $2.16 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $2.16 million. ARRIS Group (ARRS) fell $0.04 traded at $27.91, a change of -0.14% over the previous day. The stock is 2.84% for the week.


Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of ARRIS Group (NASDAQ:ARRS). Jefferies has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $34 per share from a prior target of $31. The rating by the firm was issued on July 29, 2016.

Shares of ARRIS International plc rose by 3.96% in the last five trading days and 2.11% for the last 4 weeks. ARRIS International plc is up 14.48% in the last 3-month period. Year-to-Date the stock performance stands at -8.21%.

ARRIS Group (NASDAQ:ARRS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.00 and $27.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.06, notching a gain of 0.39% for the day. The total traded volume was 1,084,521 . The stock had closed at $27.95 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Coppock Ronald, (PRES, INTL SALES AND MARKETING) of Arris International Plc, had unloaded 9,000 shares at an average price of $27.82 in a transaction dated on July 28, 2016. The total value of the transaction was worth $250,380.

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