Large Outflow of Money Witnessed in Harmonic

Harmonic (HLIT) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.26 million) in Harmonic (HLIT). On Wednesday, The value of composite uptick trades was $3.56 million, whereas, the value of composite downtick trades was $4.81 million and the ratio between the two was 0.74, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.78 million. $0.22 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.28. The negative money flow of ($0.56 million) shows selling on strength. Harmonic (HLIT) gained $0.84 intraday at $5.5 and registrered 17.92% for the week.


Shares of Harmonic Inc. rose by 22.48% in the last five trading days and 34.02% for the last 4 weeks. Harmonic Inc. is up 108.21% in the last 3-month period. Year-to-Date the stock performance stands at 43.24%.

Harmonic (HLIT) : Zacks Investment Research ranks Harmonic (HLIT) as 2, which is a Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 2.5, which indicates as a Buy.

Harmonic (NASDAQ:HLIT): The stock opened at $5.21 and touched an intraday high of $5.99 on Wednesday. During the day, the stock corrected to an intraday low of $5.12, however, the bulls stepped in and pushed the price higher to close in the green at $5.83 with a gain of 25.11% for the day. The total traded volume for the day was 4,808,303. The stock had closed at $4.66 in the previous trading session.

Harmonic Inc. (Harmonic) designs, manufactures and sells video infrastructure products and system solutions. The Company operates in two business segments: Video and Cable Edge. Its Video business sells video processing and production and playout solutions and services around the world to cable operators and satellite and telecommunications (telco) Pay-TV service providers and to broadcast and media companies. The products offered in the Video business segment include video processing solutions, and video production platforms and playout solutions. Its Cable Edge business sells cable edge solutions and related services to cable operators globally. The products offered in the Cabled Edge segment include edge quadrature amplitude modulation (QAM) products, centralized converged cable access platform (CCAP) Solution and Distributed CCAP Solution.

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