Large Outflow of Money Witnessed in Hibbett Sports

Hibbett Sports (HIBB) : Net money flow in Hibbett Sports (HIBB) was negative ($2.46 million) and the inflow of money on uptick was $0.57 million, whereas, the outflow of money on downticks amounted to $3.03 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.19. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $2.53 million. The money flow in block trades was negative ($2.53). Hibbett Sports (HIBB) gained $0.38 cent during the day and reached $38.94, a gain of 0.99% over the previous day.


The company Insiders own 2.5% of Hibbett Sports shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -32.37% . During last six month period, the net percent change held by insiders has seen a change of -33.42%.

In a related news,The director of Hibbett Sports Inc, Johnson Albert C sold 1,000 shares at $38.81 on August 24, 2016. The Insider selling transaction had a total value worth of $38,810. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Hibbett Sports (NASDAQ:HIBB): The stock opened at $38.83 and touched an intraday high of $39.34 on Friday. During the day, the stock corrected to an intraday low of $38.53, however, the bulls stepped in and pushed the price higher to close in the green at $39.12 with a gain of 1.45% for the day. The total traded volume for the day was 334,822. The stock had closed at $38.56 in the previous trading session.

Hibbett Sports (HIBB) : Traders are bullish on Hibbett Sports (HIBB) as it has outperformed the S&P 500 by a wide margin of 10.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.32%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.84% in the last 1 week, and is up 9.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets, predominantly in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates around 988 retail stores in 31 states consisting of approximately 969 Hibbett Sports stores and around 19 Sports Additions athletic shoe stores. The Companys primary retail format is Hibbett Sports, an approximately 5,000-square-foot store located primarily in strip centers. The Company sells merchandise of various brands, such as Nike, Under Armour, Reebok, adidas, Easton and The North Face. The Companys Hibbett Sports stores offer a range of brand name merchandise and its Sports Additions stores offer a range of fashion-based merchandise. Hibbett Team Sales, Inc., a wholly owned subsidiary of the Company, is a supplier of customized athletic apparel, equipment and footwear primarily to school athletic programs in Alabama and parts of Georgia, Florida and Mississippi.

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