Large Outflow of Money Witnessed in HNI Corporation

Shares of HNI Corporation (NYSE:HNI) advanced to $46.85. The price had gained 0.09% or 0.04 points intraday. The latest trading session witnessed $0.22 million in upticks and $6.29 million in downticks, resulting in net money flow of (-6.07) million. The up/down ratio for the day stood at 0.04. On a weekly scale, the price has seen a change of -0.19%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-6.05) million occurred during the day. $0 million in uptick and $6.05 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.

HNI Corp. has dropped 1.15% in the last five trading days, however, the shares have posted positive gains of 10.19% in the last 4 weeks. HNI Corp. is up 21.06% in the last 3-month period. Year-to-Date the stock performance stands at 30.54%.

Currently the company Insiders own 5% of HNI Corporation shares according to the proxy statements. Institutional Investors own 66.4% of HNI Corporation shares. . On the companys insider trading activities, The officer (Executive Vice President), of Hni Corp, Molinari Marco had unloaded 46,360 shares at $43.22 per share in a transaction on May 23, 2016. The total value of transaction was $2,003,679. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

HNI Corporation (NYSE:HNI) witnessed a decline in the market cap on Friday as its shares dropped 0.88% or 0.41 points. After the session commenced at $46.7, the stock reached the higher end at $46.88 while it hit a low of $46.3. With the volume soaring to 446,268 shares, the last trade was called at $46.4. The company has a 52-week high of $53.75. The company has a market cap of $2,105 million and there are 45,375,427 shares in outstanding. The 52-week low of the share price is $29.84.

HNI Corporation (HNI) provides office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. The Company operates through two segments: office furniture and hearth products. The Companys office furniture segment designs, manufactures and markets a broad range of office furniture systems and seating across a range of price points. The Companys products are sold under the various brands, including HON, Allsteel, Maxon, Gunlocke, Paoli, HBF, artcobell, Midwest Folding Products, American Desk, basyx by HON, Lamex and ERGO, as well as private labels. The Companys hearth products segment offers products, including gas, wood and pellet burning fireplaces, inserts, stoves, facings and accessories. The Company sells its products under the brands, including Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman Stove, Vermont Castings and PelPro.

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