Large Inflow of Money Detected in Genesco

Genesco (GCO) : $4.18 million worth of transactions were on upticks in Genesco (GCO), compared to $1.94 million on downticks. The ratio between the two was 2.16, whereas, the net money flow stood at a healthy $2.24 million on Thursdays session. The consistent buying on upticks in the stock accounted for $2.1million worth of trades. The total money flow into the stock stood at $2.1 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.3%. The stock was trading at $66.76, with a drop of $0.2 over the previous days close. The stock recorded 0.77% for the week.


The stock has recorded a 20-day Moving Average of 2.67% and the 50-Day Moving Average is 3.71%. Shares have dropped -0.25% from its 1 Year high price. On Mar 29, 2016, the shares registered one year high at $72.63 and the one year low was seen on Dec 4, 2015. The 50-Day Moving Average price is $64.34 and the 200 Day Moving Average price is recorded at $65.02.

Genesco (NYSE:GCO): The stock opened at $67.39 on Thursday but the bulls could not build on the opening and the stock topped out at $67.77 for the day. The stock traded down to $66.46 during the day, due to lack of any buying support eventually closed down at $66.78 with a loss of -0.27% for the day. The stock had closed at $66.96 on the previous day. The total traded volume was 156,425 shares.

In an insider trading activity, Vaughn Mimi Eckel, officer (Sr VP-Finance and CFO) of Genesco Inc, unloaded 4,000 shares at an average price of $66.1 on June 20, 2016. The total amount of the transaction was worth $264,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Genesco Inc. is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. Journeys Group consists of Journeys, Journeys Kidz, Shi by Journeys and Underground by Journeys retail footwear chains, catalog and e-commerce operations. Schuh Group consists of the Schuh retail footwear chain and e-commerce operations. Lids Sports Group consists of Lids, the Lids Locker Room and Lids Clubhouse businesses, Locker Room, Lids Team Sports, and headwear and accessory stores. Johnston & Murphy Group consists of Johnston & Murphy retail operations, catalog and e-commerce operations and wholesale distribution of products under the Johnston & Murphy and Trask brands. Licensed Brands, consists of Dockers Footwear, sourced and marketed under a license from Levi Strauss & Company and SureGrip Footwear, occupational footwear sold directly to consumers and other brands.

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