Large Outflow of Money Witnessed in LKQ Corporation

LKQ Corporation (LKQ) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($12.74 million) and the uptick to downtick ratio was 0.55. The transaction value on upticks was $15.52 million and on downticks, the transaction value was $28.26 million. In block trades, the transaction value of inflow done during uptick was $4.09 million. The transaction value of block trades during downticks was $15.59 million. The uptick to downtick block trade ratio was 0.26. The money flow was negative ($11.49 million), indicating the traders were booking profit on the price strength. LKQ Corporation (LKQ) rose $0.11 at $35.52, during intraday Wednesday , a rise of 0.31% over the previous days close.

LKQ

Shares of LKQ Corp. appreciated by 0.34% during the last five trading days but lost 1.28% on a 4-week basis. LKQ Corp. is up 13.3% in the last 3-month period. Year-to-Date the stock performance stands at 19.88%.

LKQ Corporation (LKQ) : 7 analysts are covering LKQ Corporation (LKQ) and their average rating on the stock is 1.14, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. LKQ Corporation (LKQ) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels.

LKQ Corporation (NASDAQ:LKQ): The stock opened at $35.52 and touched an intraday high of $35.56 on Wednesday. During the day, the stock corrected to an intraday low of $35.24, however, the bulls stepped in and pushed the price higher to close in the green at $35.52 with a gain of 0.31% for the day. The total traded volume for the day was 3,639,400. The stock had closed at $35.41 in the previous trading session.

LKQ Corporation is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The company distributes a variety of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, refurbished collision products such as wheels, bumper covers and lights, and remanufactured engines. It is a provider of alternative vehicle collision replacement products and alternative vehicle mechanical replacement products, with its sales, processing, and distribution facilities reaching markets in the United States and Canada. It also provides alternative vehicle replacement and maintenance products in the United Kingdom and the Benelux region of continental Europe. The Company is organized into four segments: Wholesale – North America; Wholesale – Europe; Self Service, and Specialty.

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