Arrow Electronics (ARW) : Traders are increasing their bearish positions on the stock, as is visible by the 14.6% jump in the outstanding short positions; a total addition of 250,567 shares on the sell side. On Jul 29, 2016, the total short positions were 1,714,676 shares, which went up to 1,965,243 shares by the close of trading on August 15, 2016. It will take 3 days for the bears to roll over or cover. An average of 608,901 shares exchange hands daily. 2.2% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Arrow Electronics (NYSE:ARW): The stock opened at $66.25 on Wednesday but the bulls could not build on the opening and the stock topped out at $66.58 for the day. The stock traded down to $65.68 during the day, due to lack of any buying support eventually closed down at $65.80 with a loss of -0.90% for the day. The stock had closed at $66.40 on the previous day. The total traded volume was 197,801 shares.
In a related news, The officer (Chief Information Officer), of Arrow Electronics Inc, Melvin Vincent P had unloaded 2,531 shares at $66.39 per share in a transaction on August 11, 2016. The total value of transaction was $168,033. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Arrow Electronics, Inc. (Arrow) is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from electronic components and enterprise computing solutions (ECS) suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers. The Company operates in two business segments: the global components business and the global enterprise computing solutions business. The global components business segment is a provider of online catalogs for electronic components; cloud-based design tools; factory-direct end-of-life product inventory, and disposition solutions to redeploy, remarket and recycle technology assets. The global ECS business segment provides enterprise and midrange computing products, services and solutions to value-added resellers (VARs) in the Americas, EMEA and Asia Pacific regions.