Company Shares of Sothebys (NYSE:BID) Drops by -0.99%

Sothebys (NYSE:BID) : During the past 4 weeks, traders have been relatively bearish on Sothebys (NYSE:BID), hence the stock is down -16.63% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.24% relative to the S&P 500. The 4-week change in the price of the stock is -15.29% and the stock has fallen -0.99% in the past 1 week.

The company shares have dropped -38.71% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $44.46 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $29.05 and the 200 Day Moving Average price is recorded at $26.24.

The stock has recorded a 20-day Moving Average of 4.81% and the 50-Day Moving Average is 5.7%.


Sothebys (NYSE:BID): stock turned positive on Friday. Though the stock opened at $26.83, the bulls momentum made the stock top out at $27.699 level for the day. The stock recorded a low of $26.44 and closed the trading day at $26.99, in the green by 1.62%. The total traded volume for the day was 1,468,076. The stock had closed at $26.56 in the previous days trading.

In an insider trading activity, De Sole Domenico, director of Sothebys, executed a transaction worth $200,520 on June 2, 2016. A total of 6,620 shares were purchased at an average price of $30.29. 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.

Sothebys is a global art business company. The Company operates in three segments: Agency, Principal and Finance. The Companys Agency segment accepts property on consignment, stimulates buyer interest through professional marketing techniques, and matches sellers (also known as consignors) to buyers through the auction or private sale process. The Companys Principal segment is engaged in the sale of artworks that have been purchased by Sothebys, including property acquired for sale at auction in the near term in lieu of the Agency segment providing an auction guarantee to a potential consignor. The Companys Finance segment provides certain collectors and art dealers with financing secured by works of art that Sothebys either has in its possession or permits borrowers to possess.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *