Large Outflow of Money Witnessed in Lamar Advertising Company

Lamar Advertising Company (NASDAQ:LAMR) traded higher in the last at $63.96, gaining 0.01 points or 0.02%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-7.56) million. The composite uptick value of $0.51 million was eclipsed by the accrued downtick value of $8.07 million, thereby ensuring the up/down ratio of 0.06. For the week, the shares have posted returns of -0.79%.A block trade registered during the day has revealed $0 million in upticks and $7.82 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-7.82) million.

Lamar Advertising Co. has dropped 0.56% in the last five trading days, however, the shares have posted positive gains of 2.74% in the last 4 weeks. Lamar Advertising Co. is up 7.38% in the last 3-month period. Year-to-Date the stock performance stands at 8.23%.

Currently the company Insiders own 18.66% of Lamar Advertising Company shares according to the proxy statements. Institutional Investors own 80.51% of Lamar Advertising Company shares. During last six month period, the net percent change held by insiders has seen a change of -98.66%. . On the companys insider trading activities, The Securities and Exchange Commission has divulged that Istre Keith A, officer (Chief Financial Officer) of Lamar Advertising Co/New, had unloaded 8,918 shares at an average price of $63.47 in a transaction dated on May 9, 2016. The total value of the transaction was worth $566,025.

Lamar Advertising Company (NASDAQ:LAMR) witnessed a decline in the market cap on Friday as its shares dropped 0.92% or 0.59 points. After the session commenced at $63.72, the stock reached the higher end at $64.06 while it hit a low of $63.25. With the volume soaring to 764,372 shares, the last trade was called at $63.36. The company has a 52-week high of $65.5. The company has a market cap of $6,149 million and there are 97,044,032 shares in outstanding. The 52-week low of the share price is $49.73.

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays. As of December 31, 2012, the Company owned and operated over 144,000 billboard advertising displays in 44 states, Canada and Puerto Rico, over 115,000 logo advertising displays in 22 states and the province of Ontario, Canada, and operated over 34,000 transit advertising displays in 15 states, Canada and Puerto Rico. In August 2014, the Company acquired the assets of Marco Outdoor Advertising, Inc.

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