Large Outflow of Money Witnessed in Harris Corporation

Harris Corporation (HRS) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($5.32 million) and the uptick to downtick ratio was 0.52. The transaction value on upticks was $5.81 million and on downticks, the transaction value was $11.14 million. The transaction value of block trades during downticks was $4.59 million. The money flow was negative ($4.59 million), indicating the traders were booking profit on the price strength. Harris Corporation (HRS) rose $0.27 at $91.85, during intraday Wednesday , a rise of 0.29% over the previous days close.


Shares of Harris Corporation appreciated by 2.28% during the last five trading days but lost 0.16% on a 4-week basis. Harris Corporation is up 12.65% in the last 3-month period. Year-to-Date the stock performance stands at 7.76%.

Harris Corporation (HRS) : The consensus on Harris Corporation (HRS) based on 5 analyst recommendation on the company stock is 1.6, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Harris Corporation (NYSE:HRS): The stock opened at $91.59 and touched an intraday high of $92.12 on Wednesday. During the day, the stock corrected to an intraday low of $91.28, however, the bulls stepped in and pushed the price higher to close in the green at $91.95 with a gain of 0.40% for the day. The total traded volume for the day was 651,850. The stock had closed at $91.58 in the previous trading session.

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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