Interface (TILE) : The total negative money flow of $7.07 million on Monday indicates selling on strength. The inflow of money on upticks was $3.18 million, compared to $10.24 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.31. The negative money flow of $6.81 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.13 million in a block trade.The transaction value of block trade on downtick was $7.95 million. The uptick to downtick ratio was 0.14. The price action in the Interface (TILE) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $16.7 with a gain of $0.05 , a change of 0.3% over the previous days close. The stock registered -3.19% for the week.
Interface Inc. has dropped 2.16% in the last five trading days, however, the shares have posted positive gains of 6.27% in the last 4 weeks. Interface Inc. is up 2.5% in the last 3-month period. Year-to-Date the stock performance stands at -11.9%.
Interface (NASDAQ:TILE): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.75 and $16.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.70, notching a gain of 0.30% for the day. The total traded volume was 1,733,766 . The stock had closed at $16.65 on the previous day.
In a related news, The officer (VP & Chief of Supply Chain), of Interface Inc, Nigel Stansfield had unloaded 7,742 shares at $17.72 per share in a transaction on August 1, 2016. The total value of transaction was $137,188. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Interface Inc. is engaged in design, production and sales of modular carpet, also known as carpet tile across the world. The Company markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Companys revenues are derived from sales of floorcovering products, primarily modular carpet. The Company distributes its product through two primary channels: direct sales to end users and indirect sales through independent contractors or distributors. The Company sells an antimicrobial chemical compound under the trademark Intersept that the Company incorporates in all of its modular carpet products. The Company manufactures carpet at two locations in the United States and at facilities in the Netherlands, the United Kingdom, Thailand, China and Australia. The Companys principal geographic markets are the Americas, Europe and Asia-Pacific.