Polaris Industries (PII) : $15.46 million worth of transactions were on upticks in Polaris Industries (PII), compared to $10.84 million on downticks. The ratio between the two was 1.43, whereas, the net money flow stood at a healthy $4.63 million on Tuesdays session. The consistent buying on upticks in the stock accounted for $5.87million worth of trades. The total money flow into the stock stood at $5.87 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.79%. The stock was trading at $88.88, with a drop of $0.71 over the previous days close. The stock recorded -2.14% for the week.
Also, In the latest statement by the brokerage house, Raymond James downgrades its outlook on Polaris Industries (NYSE:PII). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Strong Buy. The rating by the firm was issued on July 12, 2016.
Polaris Industries Inc. has lost 4.58% in the last five trading days and dropped 6.13% in the last 4 weeks. Polaris Industries Inc. is up 5.23% in the last 3-month period. Year-to-Date the stock performance stands at 4.71%.
Polaris Industries (NYSE:PII): The stock opened at $89.52 on Tuesday but the bulls could not build on the opening and the stock topped out at $90.36 for the day. The stock traded down to $88.68 during the day, due to lack of any buying support eventually closed down at $88.87 with a loss of -0.80% for the day. The stock had closed at $89.59 on the previous day. The total traded volume was 592,125 shares.
In a related news, Farr Kevin M, director of Polaris Industries Inc/Mn, executed a transaction worth $174,615 on May 23, 2016. A total of 2,100 shares were purchased at an average price of $83.15. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Polaris Industries Inc. (Polaris) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, motorcycles and small vehicles (SV). These products are sold through dealers and distributors located in the United States, Canada and Europe. The Companys ORVs include core ATVs, and RANGER and RZR side-by-side vehicles. The Company produces a range of snowmobiles, consisting of 32 models, ranging from youth models to utility and economy models to performance and competition models. Polaris Motorcycles division consists of Victory, Indian motorcycles and three-wheel roadster motorcycle, Slingshot. The Company offer products in the light-duty hauling, people mover and urban/suburban commuting sub-sectors of the small vehicles industry. The Company produces or supplies a range of replacement parts and accessories for its product lines.