Large Outflow of Money Witnessed in Dorman Products

Dorman Products (DORM) : The total money flow in Dorman Products (DORM) was negative ($0.7 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $1.03 million. In comparison, the inflow of money into the stock on upticks was $0.33 million. The uptick to downtick ratio was 0.32. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $0.65 million. The negative money flow of ($0.65 million) confirms the selling in Dorman Products (DORM) on strength. Dorman Products (DORM) gained $0.05 at $64.9, a gain of 0.08% over the previous days close. However, the stock registered -2.39% in the week.


Dorman Products, Inc. has dropped 0.64% in the last five trading days, however, the shares have posted positive gains of 3.08% in the last 4 weeks. Dorman Products, Inc. is up 17.68% in the last 3-month period. Year-to-Date the stock performance stands at 36.72%.

Dorman Products (DORM) : Zacks Investment Research ranks Dorman Products (DORM) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.2, which indicates as a Buy.

Dorman Products (NASDAQ:DORM): The stock opened at $65.11 and touched an intraday high of $65.215 on Wednesday. During the day, the stock corrected to an intraday low of $64.7201, however, the bulls stepped in and pushed the price higher to close in the green at $64.9 with a gain of 0.08% for the day. The total traded volume for the day was 154,257. The stock had closed at $64.85 in the previous trading session.

Dorman Products, Inc. (Dorman) is a supplier of replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks in the automotive aftermarket. The Company distributes and markets approximately 140,000 different stock keeping units (SKUs) of automotive replacement parts and fasteners. Approximately 85% of the Companys products are sold under brands that it owns and the remainders of its products are sold for resale under customers private labels, other brands or in bulk. The Company also generates revenues from the sale of parts that it packages for sale in bulk or under the private labels of parts manufacturers and national warehouse distributors. The Company groups its products into four classes: power-train, automotive body, chassis and hardware. Its sub-brands include DORMAN OE Solutions, DORMAN HELP!, DORMAN TECHoice, DORMAN AutoGrade, DORMAN Conduct-Tite!, DORMAN FirstStop and DORMAN HD Solutions.

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