Large Outflow of Money Witnessed in Harman International Industries Incorporated

Shares of Harman International Industries Incorporated (NYSE:HAR) traded 0.38 points or 0.5% higher at $74.87.The total intraday money flow for the shares came in at a disappointing $(-3.33) million. The total upticks amounted to $2.89 million and the total downticks were approximately $6.22 million, with the up/down ratio of 0.46. On a different note, the shares have seen -2.41% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $3.33 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-3.33) million.

Harman International Industries, Incorporated has dropped 1.99% in the last five trading days, however, the shares have posted positive gains of 3.21% in the last 4 weeks. Harman International Industries, Incorporated has dropped 14.94% during the last 3-month period . Year-to-Date the stock performance stands at -19.42%.

Currently the company Insiders own 0.95% of Harman International Industries Incorporated shares according to the proxy statements. Institutional Investors own 98.27% of Harman International Industries Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -53.01%. . On the companys insider trading activities, The Securities and Exchange Commission has divulged that Santana Ralph, (Chief Marketing Officer) of Harman International Industries Inc /De/, had unloaded 3,650 shares at an average price of $72.17 in a transaction dated on May 6, 2016. The total value of the transaction was worth $263,421.

Harman International Industries Incorporated (NYSE:HAR) rose 0.93% or 0.69 points on Friday and made its way into the gainers of the day. After trading began at $74.42 the stock was seen hitting $75.77 as a peak level and $73.89 as the lowest level. The stock ended up at $75.18. The daily volume was measured at 646,111 shares. The 52-week high of the share price is $128.6 and the 52-week low is $66.2. The company has a market cap of $5,304 million.

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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