Shares of Tile Shop Hldgs (TTS) Sees Large Outflow of Money

Tile Shop Hldgs (TTS) : Money flow in the Tile Shop Hldgs (TTS) stock was negative (1.67 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $1.24 million, compared to $2.92 million on downticks. The total uptick to downtick ratio was 0.43, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.65 million), indicating selling on the strength. The transaction value during uptick in block trades was $0.2 million. Downtick transaction value in block trades amounted to $1.85 million, indicating persistent selling. The uptick to downtick ratio was 0.11. Tile Shop Hldgs (TTS) traded $0.01 higher at $19.82 gaining 0.03% over the previous days close.


Tile Shop Hldgs (TTS) : The highest short term price target forecast on Tile Shop Hldgs (TTS) is $22 and the lowest target price is $15. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $18.58 with a standard deviation of $2.46. The stock has recorded a 20-day Moving Average of 5.58% and the 50-Day Moving Average is 9.12%.

Tile Shop Hldgs (NASDAQ:TTS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.91 and $19.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.91, notching a gain of 0.50% for the day. The total traded volume was 475,153 . The stock had closed at $19.81 on the previous day.

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