Large Outflow of Money Witnessed in Advance Auto Parts Inc

Advance Auto Parts Inc (AAP) had an volatile session and gained 0.14 points till last call. The price was at $164.38, gaining 0.08% till the last intraday data. The total uptick value was $2 million while the total downtick value was $3.84 million. The shares saw a net money flow of $(-1.84) million and the up/down ratio stood at 0.52. The stock has seen a change of of 0% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-2) million. Almost $0 million were received in upticks and approximately $2 million were lost in downticks, thereby giving the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Advance Auto Parts, Inc. has lost 4.13% in the last five trading days and dropped 5.04% in the last 4 weeks. Advance Auto Parts, Inc. is up 14.68% in the last 3-month period. Year-to-Date the stock performance stands at -5.04%. Advance Auto Parts Inc (NYSE:AAP) witnessed a decline in the market cap on Wednesday as its shares dropped 2.22% or 3.65 points. After the session commenced at $163.99, the stock reached the higher end at $164.89 while it hit a low of $159.7. With the volume soaring to 1,595,047 shares, the last trade was called at $160.59. The company has a 52-week high of $177.83. The company has a market cap of $11,828 million and there are 73,653,625 shares in outstanding. The 52-week low of the share price is $131.59.

Company has reported several Insider transactions to the SEC, on Sep 6, 2016, Jeffrey C Smith (director) purchased 70,000 shares at 158.76 per share price.On Aug 31, 2016, Robert B Cushing (EVP, Commercial) purchased 1,500 shares at 156.66 per share price.On Aug 30, 2016, Charles E Tyson (EVP, Merch, Mktg & Supply Chn) purchased 633 shares at 157.75 per share price.

Advance Auto Parts Last issued its quarterly earnings results on Nov 14, 2016. The company reported $1.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $1.71. The company had revenue of $2248.90 million for the quarter, compared to analysts expectations of $2198.35 million. The companys revenue was down -2.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.95 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Advance Auto Parts was Initiated by Guggenheim to Neutral on Jan 18, 2017. Advance Auto Parts was Downgraded by BofA/Merrill to Neutral on Jan 13, 2017. Advance Auto Parts was Initiated by Atlantic Equities to Overweight on Dec 14, 2016. Advance Auto Parts was Upgraded by Susquehanna to Positive on Nov 15, 2016. Company shares were Reiterated by RBC Capital Mkts on Nov 15, 2016 to Outperform, Raises Price Target to $ 175 from a previous price target of $174 .

Advance Auto Parts, Inc. is a specialty retailer of automotive parts, accessories and maintenance items to do-it-yourself customers.


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