Shares of Harris Corporation (HRS) Sees Large Inflow of Net Money Flow

Harris Corporation (HRS) : Investors lapped up stocks on upticks to the tune of $20.87 million in the Fridays trading session. The trading value on downticks was comparatively at $13.04 million and the uptick to downtick ratio of 1.6 indicates continuous buying by the bulls. The net money flow into the stock was $7.83 million. Upticks saw transactions worth $7.14 clearly indicating buying by large investors. The total money flow for block trades stood at $7.14 million, which is a positive for the stock in the long-term. Harris Corporation (HRS) fell $0.13 during the day at $92.85, a drop of -0.14% over the previous days close. However, for the week, the stock is 2.21%, compared to the previous week.


The company Insiders own 1.37% of Harris Corporation shares according to the proxy statements. Institutional Investors own 88.37% of Harris Corporation shares.

In a related news, Fox Sheldon J, officer (SVP, Integration & Engineering) of Harris Corp /De/, unloaded 17,700 shares at an average price of $89.02 on August 8, 2016. The total amount of the transaction was worth $1,575,654, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Harris Corporation (NYSE:HRS): The stock opened at $93.36 and touched an intraday high of $93.715 on Friday. During the day, the stock corrected to an intraday low of $93.02, however, the bulls stepped in and pushed the price higher to close in the green at $93.69 with a gain of 0.90% for the day. The total traded volume for the day was 426,343. The stock had closed at $92.85 in the previous trading session.

Harris Corporation (HRS) : Traders are bullish on Harris Corporation (HRS) as it has outperformed the S&P 500 by a wide margin of 5.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.62%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.14% in the last 1 week, and is up 5.58% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Harris Corporation (Harris) together with its subsidiaries is engaged in providing technology-based solutions to government and commercial customers. As of July 3, 2015, the Company operated through four business segments: RF Communications, Government Communications Systems, Integrated Network Solutions and Exelis. The RF Communications segment is engaged in serving the United States Department of Defense (DoD) and International Tactical Communications, and public safety and professional communications markets. The Government Communications Systems segment is engaged in serving civil, national intelligence and defense markets. The Integrated Network Solutions segment is engaged in serving information technology (IT) services, and managed satellite and terrestrial communications solutions markets. The Exelis segment provides positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications and information systems.

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