Large Inflow of Money Detected in Genuine Parts Company

Genuine Parts Company (GPC) : Tuesdays money flow data in Genuine Parts Company (GPC) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $0.94 million, whereas, $0.23 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 4.06, in favor of the bulls. The total money flow into the stock was $0.71 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0 million. The total value of block trades done on upticks was $0.1 million. Genuine Parts Company (GPC) fell $0.09 and traded at $105, down -0.09% for the day, over previous days close. On a weekly basis, the shares are 1.63% over the previous weeks close.


Also, Susquehanna initiates coverage on Genuine Parts Company (NYSE:GPC) . The global brokerage major announces a current price target of $102 per share. Analysts at the Susquehanna have a current rating of Neutral on the shares. The rating by the firm was issued on August 25, 2016.

Genuine Parts Company has dropped 0.32% in the last five trading days, however, the shares have posted positive gains of 1.69% in the last 4 weeks. Genuine Parts Company is up 7.67% in the last 3-month period. Year-to-Date the stock performance stands at 22.43%.

Genuine Parts Company (NYSE:GPC): The stock opened at $105.10 on Tuesday but the bulls could not build on the opening and the stock topped out at $105.15 for the day. The stock traded down to $103.54 during the day, due to lack of any buying support eventually closed down at $103.70 with a loss of -1.32% for the day. The stock had closed at $105.09 on the previous day. The total traded volume was 605,696 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Genuine Parts Co, Breen Timothy P had sold 700 shares worth of $68,635 in a transaction dated April 27, 2016. In this transaction, 700 shares were sold at $98.05 per share.

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company operates through four segments: Automotive Parts Group, which distributes automotive parts and accessory items; Industrial Parts Group, which distributes industrial replacement parts and related supplies; Office Products Group, which is engaged in the wholesale distribution of a line of office and other business related products, and Electrical/Electronic Materials Group, which distributes materials to more than 20,000 electrical and electronic manufacturers, as well as industrial assembly and specialty wire and cable markets in North America. In 2014, the Companys business was conducted from approximately 2,600 locations throughout the United States, Canada, Mexico, Australia and New Zealand.

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