Shares of Sothebys (BID) Sees Large Inflow of Net Money Flow

Shares of Sothebys (BID) saw an erosion of -0.75 points in recent session. During the trading, the value of each share was $38.96, dropping -1.89%. The shares saw high fund-flow as the composite value of all the upticks was $9.59 million and the total value of all the downticks was a mere $2.2 million. The net money flow was seen at $7.39 million and the up/down ratio was measured at 4.36. On a weekly basis the shares of the shares has recorded a change of -2.6%.The block trade which occurred today had $7.46 million in upticks and $0 million in downticks with the up/down ratio climbing to 0. $7.46 million was the net money flow of the block transaction.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Sothebys has lost 5.02% in the last five trading days and dropped 2.28% in the last 4 weeks. Sothebys is up 8.56% in the last 3-month period. Year-to-Date the stock performance stands at -2.28%. Sothebys (NYSE:BID) witnessed a decline in the market cap on Wednesday as its shares dropped 1.91% or 0.76 points. After the session commenced at $40, the stock reached the higher end at $40.09 while it hit a low of $38.67. With the volume soaring to 565,875 shares, the last trade was called at $38.95. The company has a 52-week high of $42.66. The company has a market cap of $2,063 million and there are 52,967,115 shares in outstanding. The 52-week low of the share price is $18.86.

Company has reported several Insider transactions to the SEC, on Nov 14, 2016, Insurance Group, Inc. Taikang (10% owner) purchased 21,000 shares at 35.15 per share price.On Aug 9, 2016, Kevin M Delaney (SVP, Corporate Controller & CA) sold 542 shares at 34.32 per share price.On Jun 2, 2016, Sole Domenico De (director) purchased 6,620 shares at 30.29 per share price.

Sothebys Last issued its quarterly earnings results on Nov 7, 2016. The company reported $-0.78 EPS for the quarter, missing the analyst consensus estimate by $ -0.21. Analyst had a consensus of $-0.57. The company had revenue of $91.50 million for the quarter, compared to analysts expectations of $75.80 million. The companys revenue was down -33.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.26 EPS.

Sothebys Holdings, Inc. is one of the worlds second largest auctioneers of fine arts, antiques and collectibles, offering property in collecting categories, among them paintings, jewelry, decorative arts, and books. Sothebys Holdings, Inc is the parent company of Sothebys worldwide auction businesses, art-related financing and private sales activities. The Company operates in countries, with principal salesrooms located in New York and London. The company also regularly conducts auctions in other salesrooms around the world, including Australia, Hong Kong, France, Italy, the Netherlands, Switzerland and Singapore.


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