Large Outflow of Money Witnessed in Target Corporation

Target Corporation (TGT) : The value of composite uptick trades was $75.43 million, whereas, the value of composite downtick trades was $102.77 million. The uptick to downtick ratio stood at 0.73 with a negative money flow of ($27.34) Million during Fridays trading session. The block trades money flow was negative ($28.61 million).The uptick to the downtick ratio of 0.31 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $12.97 million. The transaction of the trades on downticks amounted to $41.59 million, which confirms investors selling on the strength of price. Target Corporation (TGT) gained 23 cents at $70.81, an increase of 0.33% over the previous days close.


The company Insiders own 0.25% of Target Corporation shares according to the proxy statements. Institutional Investors own 86.67% of Target Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 42.13%.

In a related news, Darden Calvin, director of Target Corp, unloaded 37,105 shares at an average price of $67.02 on May 19, 2016. The total amount of the transaction was worth $2,486,777, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Target Corporation (NYSE:TGT): The stock opened at $70.95 and touched an intraday high of $71.43 on Friday. During the day, the stock corrected to an intraday low of $70.46, however, the bulls stepped in and pushed the price higher to close in the green at $70.81 with a gain of 0.33% for the day. The total traded volume for the day was 7,857,048. The stock had closed at $70.58 in the previous trading session.

Target Corporation (TGT) has been under a strong bear grip, hence the stock is down -5.39% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.15% in the past 1 week. The stock has risen by 0.65% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.51% in the past 4 weeks.

Target Corporation is engaged in providing everyday essentials and fashionable, and differentiated merchandise at discounted prices. The Company offers its products through stores, online or through mobile devices. The Company sells an assortment of general merchandise and food through its store and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its urban format stores, CityTarget and TargetExpress, offer edited general merchandise and food assortments. Its digital channels include an assortment of general merchandise, including various items found in its stores, along with a complementary assortment, such as additional sizes and colors sold online. The Companys brands include Archer Farms, Simply Balanced, Boots & Barkley, Circo, Embark, Gilligan & OMalley, Market Pantry, Merona, Room Essentials, Smith & Hawken, Spritz and Sutton & Dodge.

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