Large Outflow of Money Witnessed in Harris Corporation

Harris Corporation (NYSE:HRS) managed to stay afloat and traded higher with an addition of 0.04 point or 0.05% at $82.03. The money flow data is a negative $(-6.86) million with $10.96 million in upticks and $17.82 million in downticks. The intraday up/down ratio came in at 0.62. The shares have seen 1.27% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $1.86 million and the combined worth of the downticks was $9.28, Million, leading to the up/down ratio of 0.2. The block trade saw a net money flow of $(-7.42) million.

Shares of Harris Corporation rose by 1.12% in the last five trading days and 6.38% for the last 4 weeks. Harris Corporation is up 4.47% in the last 3-month period. Year-to-Date the stock performance stands at -4.55%.

Currently the company Insiders own 1.37% of Harris Corporation shares according to the proxy statements. Institutional Investors own 88.12% of Harris Corporation shares. . On the companys insider trading activities, The officer (SVP, Chief Global Bus Dev Off), of Harris Corp /De/, Mehnert Dana A had unloaded 100 shares at $82 per share in a transaction on June 10, 2016. The total value of transaction was $8,200. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Harris Corporation (NYSE:HRS) witnessed a decline in the market cap on Friday as its shares dropped 0.1% or 0.08 points. After the session commenced at $82.04, the stock reached the higher end at $83 while it hit a low of $81.41. With the volume soaring to 1,627,332 shares, the last trade was called at $81.91. The company has a 52-week high of $89.78. The company has a market cap of $10,216 million and there are 124,725,874 shares in outstanding. The 52-week low of the share price is $70.1.

Harris Corporation (Harris) together with its subsidiaries is engaged in providing technology-based solutions to government and commercial customers. As of July 3, 2015, the Company operated through four business segments: RF Communications, Government Communications Systems, Integrated Network Solutions and Exelis. The RF Communications segment is engaged in serving the United States Department of Defense (DoD) and International Tactical Communications, and public safety and professional communications markets. The Government Communications Systems segment is engaged in serving civil, national intelligence and defense markets. The Integrated Network Solutions segment is engaged in serving information technology (IT) services, and managed satellite and terrestrial communications solutions markets. The Exelis segment provides positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications and information systems.

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