Price Action Don’t Lie: What’s Propelling U.S. Auto Parts Network, Inc. to Decline So Much?

Price Action Don't Lie: What's Propelling U.S. Auto Parts Network, Inc. to Decline So Much?

The stock of U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) is a huge mover today! The stock decreased 2.08% or $0.07 on September 30, hitting $3.29. About 59,403 shares traded hands. U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) has risen 19.64% since February 29, 2016 and is uptrending. It has outperformed by 9.21% the S&P500.
The move comes after 6 months negative chart setup for the $119.29 million company. It was reported on Oct, 1 by Barchart.com. We have $2.96 PT which if reached, will make NASDAQ:PRTS worth $11.93 million less.

Analysts await U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) to report earnings on November, 7.

According to Zacks Investment Research, “US AUTO PARTS NETWORK, INC., is a leading online provider of automotive aftermarket parts, including body parts, engine parts, performance parts and accessories. Through the Company’s network of websites, U.S. Auto Parts provides individual consumers with a broad selection of competitively priced products that are mapped by a proprietary product database to product applications based on vehicle makes, models and years.”

Insitutional Activity: The institutional sentiment increased to 1.87 in 2016 Q2. Its up 1.00, from 0.87 in 2016Q1. The ratio increased, as 6 funds sold all U.S. Auto Parts Network, Inc. shares owned while 9 reduced positions. 13 funds bought stakes while 15 increased positions. They now own 8.58 million shares or 19.89% more from 7.16 million shares in 2016Q1.
Spark Mngmt Limited Liability Company holds 0.01% or 39,700 shares in its portfolio. Springbok Capital last reported 5,677 shares in the company. Blackrock Grp Inc accumulated 29,845 shares or 0% of the stock. Perkins Cap Mngmt last reported 0.94% of its portfolio in the stock. Millennium Ltd Liability holds 0% or 16,520 shares in its portfolio. Lafitte Cap Mgmt L P has 2.46 million shares for 6.39% of their US portfolio. Blair William Company Il holds 0% of its portfolio in U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) for 100,152 shares. Ladenburg Thalmann Fincl Ser Inc reported 1,500 shares or 0% of all its holdings. Eam Invsts Limited has 0.22% invested in the company for 367,585 shares. Blackrock Institutional Tru Company Na owns 220,901 shares or 0% of their US portfolio. Vanguard Grp holds 362,911 shares or 0% of its portfolio. Cutter And Brokerage holds 0.02% or 13,388 shares in its portfolio. Walleye Trading Limited Liability Co has 10,600 shares for 0% of their US portfolio. Tfs Cap Limited Co, a Pennsylvania-based fund reported 121,305 shares. Gsa Cap Prns Llp last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since April 13, 2016, the stock had 0 buys, and 1 sale for $17,460 net activity. On Wednesday, April 13 Coleman Aaron sold $17,460 worth of the stock or 5,820 shares.

More notable recent U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) news were published by: Prnewswire.com which released: “U.S. Auto Parts Network, Inc. Names Neil Watanabe, Chief Financial Officer” on March 23, 2015, also Prnewswire.com with their article: “U.S. Auto Parts Network, Inc. Reports Second Quarter 2015 Results” published on August 11, 2015, Latimes.com published: “US Auto Parts Network seeks fix for red ink” on November 10, 2014. More interesting news about U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) were released by: Zacks.com and their article: “Should U.S. Auto Parts Network (PRTS) Be On Your Radar Now?” published on August 18, 2016 as well as Reuters.com‘s news article titled: “BRIEF-US Auto Parts Network files to say selling stockholders may sell up …” with publication date: August 19, 2016.

PRTS Company Profile

U.S. Auto Parts Network, Inc., incorporated on February 27, 2006, is an online source for automotive aftermarket parts and repair information. The Firm is an online well-known provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. The Company’s Websites provide clients with a range of stock keeping units (SKUs) with detailed product descriptions, attributes and photographs. The Firm operates through two divisions: Base USAP, which is an auto parts business, and AutoMD, an online automotive repair source.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment