Shares of Target Corporation (TGT) Sees Large Outflow of Money

Target Corporation (TGT): The stock had negative money flow to the tune of ($37.01 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $62.91 million, whereas, the outflow of money on downticks was $99.92 million and the ratio between the two was 0.63. The block trade had a negative net money flow of ($41.58 million). The total block trade value undertaken on upticks was $12.74 million. On the other hand, downticks amounted to $54.32 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.23. Target Corporation (TGT) closed with marginal gains of 32 cents to end the day at $73.49, an increase of 0.44% over the previous days close. The stock recorded 3.06% for the week.


The stock has recorded a 20-day Moving Average of 5.29% and the 50-Day Moving Average is 3.89%. Shares have dropped -13.75% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $85.31 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $68.88 and the 200 Day Moving Average price is recorded at $74.79.

Target Corporation (NYSE:TGT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.59 and $73.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.49, notching a gain of 0.44% for the day. The total traded volume was 4,802,014 . The stock had closed at $73.17 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Target Corp, Darden Calvin had sold 37,105 shares worth of $2,486,777 in a transaction dated May 19, 2016. In this transaction, 37,105 shares were sold at $67.02 per share.

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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