Large Inflow of Money Detected in Deere & Company

Deere & Company (DE) : Tuesdays money flow data in Deere & Company (DE) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $4.66 million, whereas, $3.5 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.33, in favor of the bulls. The total money flow into the stock was $1.16 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $2 million. The total value of block trades done on upticks was $2 million. Deere & Company (DE) fell $0.72 and traded at $86.21, down -0.83% for the day, over previous days close. On a weekly basis, the shares are -0.61% over the previous weeks close.


Also, Equity analysts at the Brokerage firm Argus Research maintains its rating on Deere & Company (NYSE:DE). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Argus Research raises the price target from $90 per share to $98 per share. The rating by the firm was issued on August 23, 2016.

Deere & Company has dropped 2.69% in the last five trading days, however, the shares have posted positive gains of 10.34% in the last 4 weeks. Deere & Company is up 4.27% in the last 3-month period. Year-to-Date the stock performance stands at 14.09%.

Deere & Company (NYSE:DE): The stock opened at $87.00 on Tuesday but the bulls could not build on the opening and the stock topped out at $87.05 for the day. The stock traded down to $85.51 during the day, due to lack of any buying support eventually closed down at $85.72 with a loss of -1.39% for the day. The stock had closed at $86.93 on the previous day. The total traded volume was 2,918,872 shares.

In a related news, Kalathur Rajesh, officer (Senior Vice President & CFO) of Deere & Co, unloaded 4,366 shares at an average price of $79.52 on December 2, 2015. The total amount of the transaction was worth $347,184, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Companys agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Companys construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The Companys financial services segment primarily provides credit services, which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.

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