Gentex Corporation (GNTX) : On Friday, The money flowed into the Gentex Corporation (GNTX) stock with an uptick to downtick ratio was recorded at 2.99. Transactions worth $0.65 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.22 million. The total money flow into the stock was $0.44 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.39 million of block transactions on upticks. The total money flow in block trades was $0.39 million. In terms of price action, Gentex Corporation (GNTX) traded down $0.01 during the session at $17.72. Compared to the previous days closing, the stock was down only by -0.06%. For the week, the stock is -0.89%, over previous weeks closing.
The company Insiders own 2.9% of Gentex Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.2% . Institutional Investors own 86.38% of Gentex Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -16.4%.
In a related news,The (Chairman of the Board & CEO) of Gentex Corp, Bauer Fred sold 696,000 shares at $18.02 on August 18, 2016. The Insider selling transaction had a total value worth of $12,541,920. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Gentex Corporation (NASDAQ:GNTX): The stock opened at $17.76 and touched an intraday high of $17.86 on Friday. During the day, the stock corrected to an intraday low of $17.67, however, the bulls stepped in and pushed the price higher to close in the green at $17.86 with a gain of 0.73% for the day. The total traded volume for the day was 1,552,942. The stock had closed at $17.73 in the previous trading session.
Gentex Corporation (GNTX) has risen sharply, recording gains of 0.9% in the past 4 weeks. However, the stock has corrected -0.11% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.04% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Companys business involves designing, developing, manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. It also designs, develops and manufactures various electronics features that are additive to the interior and exterior automotive rearview mirrors as well as interior visors and overhead consoles. The Company ships its product to all of the automotive producing regions across the world.