Shares of Toll Brothers (TOL) Sees Large Outflow of Money

Toll Brothers (TOL) : Net money flow in Toll Brothers (TOL) was negative ($1.13 million) and the inflow of money on uptick was $9.22 million, whereas, the outflow of money on downticks amounted to $10.35 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.89. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $0.56 million. The money flow in block trades was negative ($0.56). Toll Brothers (TOL) gained $0.45 cent during the day and reached $31.35, a gain of 1.46% over the previous day.


Also, In the latest statement by the brokerage house, Keefe Bruyette & Woods maintains its outlook on Toll Brothers (NYSE:TOL). The current rating of the shares is Market Perform, according to the research report released by the firm. The brokerage firm raises the price target from $34 per share to $35 per share. The rating by the firm was issued on August 24, 2016.

Toll Brothers Inc. has dropped 2.07% in the last five trading days, however, the shares have posted positive gains of 12.01% in the last 4 weeks. Toll Brothers Inc. is up 7.17% in the last 3-month period. Year-to-Date the stock performance stands at -6.16%.

Toll Brothers (NYSE:TOL): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.88 and $30.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.25, notching a gain of 1.13% for the day. The total traded volume was 3,035,897 . The stock had closed at $30.90 on the previous day.

In a related news,The director of Toll Brothers Inc, Marbach Carl B sold 3,000 shares at $29.12 on May 26, 2016. The Insider selling transaction had a total value worth of $87,360. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Toll Brothers, Inc., is a property development company. The Company is engaged in designing, building, marketing and arranging finance for detached and attached homes in luxury residential communities. The Company caters to move-up, empty-nester, active-adult, age-qualified and second-home buyers in the United States. The Company also builds and sells homes in urban infill markets through Toll City Living community. The Company operates on own land development, architectural, engineering, mortgage, title, landscaping, security monitoring, lumber distribution, house component assembly, and manufacturing operations. The Company also develops, owns and operates golf courses and country clubs, which are associated with planned communities.

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