Large Outflow of Money Witnessed in Harman International Industries Incorporated

Harman International Industries Incorporated (HAR) : The total money flow in Harman International Industries Incorporated (HAR) was negative ($4.92 million), which signals selling by the traders on Fridays session. They trimmed their holdings by selling the stock on downticks to the tune of $26.16 million. In comparison, the inflow of money into the stock on upticks was $21.24 million. The uptick to downtick ratio was 0.81. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $9.53 million. The value of transactions on uptick was $4.68 million. The negative money flow of ($4.85 million) confirms the selling in Harman International Industries Incorporated (HAR) on strength. The uptick to downtick ratio of block trades was 0.49. Harman International Industries Incorporated (HAR) gained $0.13 at $84.82, a gain of 0.15% over the previous days close. However, the stock registered -0.68% in the week.


The company Insiders own 0.95% of Harman International Industries Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -25% . Institutional Investors own 95.96% of Harman International Industries Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -25%.

In a related news, The Securities and Exchange Commission has divulged that Parker Herbert K, (EVP, Operational Excellence) of Harman International Industries Inc /De/, had unloaded 5,006 shares at an average price of $85.13 in a transaction dated on August 11, 2016. The total value of the transaction was worth $426,161.

Harman International Industries Incorporated (NYSE:HAR): The stock opened at $85.36 and touched an intraday high of $87.04 on Friday. During the day, the stock corrected to an intraday low of $85.05, however, the bulls stepped in and pushed the price higher to close in the green at $85.99 with a gain of 1.38% for the day. The total traded volume for the day was 667,695. The stock had closed at $84.82 in the previous trading session.

Harman International Industries Incorporated (HAR) has been under a strong bear grip, hence the stock is down -0.94% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.19% in the past 1 week. The stock has risen by 0.69% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.07% in the past 4 weeks.

Harman International Industries, Incorporated, is engaged in the designing and engineering of connected products and solutions for automakers, consumers and enterprises, including audio systems, visual products, enterprise automation solutions and connected services. The Company operates through four segments. The Infotainment segment offers infotainment systems for vehicle applications. The Lifestyle segment offers car audio systems for vehicle applications, as well as a range of loudspeaker and electronics for home, multimedia and mobile applications. The Professional segment provides audio, lighting, video and control and automation solutions for commercial, enterprise and public space applications. The Services segment creates software solutions that integrate design, mobility, cloud and analytics. Its brands include AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft and Studer.

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