Lamar Advertising Company (LAMR) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $5.64 million worth of transactions were on upticks, whereas, the downticks accounted for $2.76 million worth of transactions. The net money flow was a positive $2.88 million and the uptick to downtick ratio was 2.04. The net money flow into the stock was $1.99 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.99 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Lamar Advertising Company (LAMR) was trading at $62.89, down $0.4 during day. The stock slid -0.64% over the previous days close. For the week, the stock recorded 0.31% over the previous weeks close.
Shares of Lamar Advertising Co. appreciated by 0.08% during the last five trading days but lost 7.49% on a 4-week basis. Lamar Advertising Co. has dropped 0.88% during the last 3-month period . Year-to-Date the stock performance stands at 7.58%.
Lamar Advertising Company (NASDAQ:LAMR): The stock opened at $63.53 on Tuesday but the bulls could not build on the opening and the stock topped out at $63.97 for the day. The stock traded down to $62.70 during the day, due to lack of any buying support eventually closed down at $62.98 with a loss of -0.49% for the day. The stock had closed at $63.29 on the previous day. The total traded volume was 472,962 shares.
In a related news, Mumblow Stephen P, director of Lamar Advertising Co/New, unloaded 10,000 shares at an average price of $63.5 on June 16, 2016. The total amount of the transaction was worth $635,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays. As of December 31, 2012, the Company owned and operated over 144,000 billboard advertising displays in 44 states, Canada and Puerto Rico, over 115,000 logo advertising displays in 22 states and the province of Ontario, Canada, and operated over 34,000 transit advertising displays in 15 states, Canada and Puerto Rico. In August 2014, the Company acquired the assets of Marco Outdoor Advertising, Inc.