Large Outflow of Money Witnessed in Harman International Industries, Incorporated

Shares of Harman International Industries, Incorporated (HAR) advanced to $111.26. The price had gained 0.09% or 0.1 points intraday. The latest trading session witnessed $20.68 million in upticks and $31.96 million in downticks, resulting in net money flow of (-11.27) million. The up/down ratio for the day stood at 0.65. On a weekly scale, the price has seen a change of 0.06%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-9.43) million occurred during the day. $9.29 million in uptick and $18.72 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.5.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Harman International Industries, Incorporated rose by 0.26% in the last five trading days and 0.09% for the last 4 weeks. Harman International Industries, Incorporated is up 40.15% in the last 3-month period. Year-to-Date the stock performance stands at 0.09%. Harman International Industries, Incorporated (NYSE:HAR) rose 0.09% or 0.1 points on Wednesday and made its way into the gainers of the day. After trading began at $111.1 the stock was seen hitting $111.35 as a peak level and $111.1 as the lowest level. The stock ended up at $111.26. The daily volume was measured at 1,296,463 shares. The 52-week high of the share price is $111.35 and the 52-week low is $64.93. The company has a market cap of $7,776 million.

Company has reported several Insider transactions to the SEC, on Jan 30, 2017, Herbert K Parker (EVP, Operational Excellence) sold 8,744 shares at 111.03 per share price.On Nov 15, 2016, Ralph Santana (Chief Marketing Officer) sold 1,912 shares at 110.00 per share price.On Nov 15, 2016, Phillip Eyler (EVP, Pres. Connected Car) sold 2,628 shares at 109.89 per share price.

Harman International Industries /DE/ Last issued its quarterly earnings results on Jan 26, 2017. The company reported $2.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.33. Analyst had a consensus of $1.89. The company had revenue of $1947.47 million for the quarter, compared to analysts expectations of $1913.03 million. The companys revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Harman International Industries /DE/ was Downgraded by Wells Fargo to Market Perform on Dec 9, 2016. Harman International Industries /DE/ was Downgraded by Raymond James to Outperform on Nov 15, 2016. Harman International Industries /DE/ was Downgraded by Goldman to Neutral on Nov 15, 2016. Company shares were Downgraded by Barclays on Nov 15, 2016 to Equal Weight, Raises Price Target to $ 111 from a previous price target of $104 .

Harman International Industries, Incorporated is engaged in the developing, manufacturing and marketing of audio products and electronic systems. It offers infotainment systems for vehicle applications; automotive audio systems for vehicle applications; mid-to high-end loudspeaker and electronics for home, multimedia, and mobile applications; home audio and theater systems, and distributed systems for home applications, transducers and built-in speakers for notebook computers; audio systems for personal computers; and aftermarket mobile products. Harman International Industries, Incorporated is headquartered in Stamford, Connecticut.

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