Breaking: Could VOXX International Corp Change Direction After Today’s Significant Increase?

Breaking: Could VOXX International Corp Change Direction After Today's Significant Increase?

The stock of VOXX International Corp (NASDAQ:VOXX) is a huge mover today! About 951,510 shares traded hands or 292.97% up from the average. VOXX International Corp (NASDAQ:VOXX) has declined 41.65% since March 9, 2016 and is downtrending. It has underperformed by 49.06% the S&P500.
The move comes after 8 months positive chart setup for the $79.13 million company. It was reported on Oct, 12 by Barchart.com. We have $4.53 PT which if reached, will make NASDAQ:VOXX worth $30.07M more.

According to Zacks Investment Research, “VOXX International Corporation is engaged in marketing automobile sound, vehicle security, mobile video systems, and consumer electronics products. The Company markets its products under the RCA, Acoustic Research and TERK brands. VOXX International Corporation, formerly known as Audiovox Corporation, is headquartered in Hauppauge, New York.”

Insitutional Activity: The institutional sentiment decreased to 0.68 in Q2 2016. Its down 0.77, from 1.45 in 2016Q1. The ratio turned negative, as 13 funds sold all VOXX International Corp shares owned while 40 reduced positions. 15 funds bought stakes while 21 increased positions. They now own 13.80 million shares or 12.64% less from 15.79 million shares in 2016Q1.
Moreover, Barclays Public Ltd has 0% invested in VOXX International Corp (NASDAQ:VOXX) for 2,477 shares. Northern Trust Corporation holds 0% of its portfolio in VOXX International Corp (NASDAQ:VOXX) for 81,593 shares. Jpmorgan Chase & owns 29,260 shares or 0% of their US portfolio. Jacobs Levy Equity Management has 103,683 shares for 0.01% of their US portfolio. The New York-based New York State Teachers Retirement Systems has invested 0% in VOXX International Corp (NASDAQ:VOXX). Arizona State Retirement System holds 0% of its portfolio in VOXX International Corp (NASDAQ:VOXX) for 10,347 shares. Creative Planning holds 1,300 shares or 0% of its portfolio. Panagora Asset Mngmt, a Massachusetts-based fund reported 25,655 shares. Tower Research Capital Ltd Liability Corp (Trc) last reported 0% of its portfolio in the stock. The Germany-based Deutsche Bank & Trust Ag has invested 0% in VOXX International Corp (NASDAQ:VOXX). Walleye Trading Limited Liability Corporation has invested 0% of its portfolio in VOXX International Corp (NASDAQ:VOXX). Blackrock Investment Limited Liability Company owns 11,965 shares or 0% of their US portfolio. Invesco Limited accumulated 0% or 83,939 shares. Moreover, State Street has 0% invested in VOXX International Corp (NASDAQ:VOXX) for 61,311 shares. Parametric Portfolio Assocs Lc has 209,173 shares for 0% of their US portfolio.

Insider Transactions: Since June 7, 2016, the stock had 6 insider buys, and 1 insider sale for $179,171 net activity. On Thursday, August 25 the insider LAVELLE PATRICK M bought $49,108. 700 shares were bought by LESSER PETER A, worth $1,750 on Friday, July 29. Shares for $23,030 were sold by Klipsch Michael F. The insider Shalam Ari bought 13,333 shares worth $39,847. Gibson Denise W. bought $100,560 worth of stock or 32,100 shares.

More notable recent VOXX International Corp (NASDAQ:VOXX) news were published by: Prnewswire.com which released: “VOXX International Corporation Reports Its Fiscal 2017 Second Quarter Results” on October 11, 2016, also Benzinga.com with their article: “Earnings Scheduled For October 11, 2016” published on October 11, 2016, Prnewswire.com published: “VOXX International Corporation Successfully Completes its Acquisition of a …” on September 02, 2015. More interesting news about VOXX International Corp (NASDAQ:VOXX) were released by: Prnewswire.com and their article: “VOXX International Corporation Appoints Loriann Shelton As Its New Chief …” published on January 14, 2016 as well as Prnewswire.com‘s news article titled: “VOXX International Corporation Reschedules Its Fiscal 2017 Second Quarter …” with publication date: October 04, 2016.

VOXX Company Profile

VOXX International Corporation (Voxx), incorporated on April 10, 1987, is an international maker and distributor in the automotive, audio and consumer accessories industries. The Firm operates in three divisions, which include Automotive, Premium Audio and Consumer Accessories. The Firm has diversified interests with over 30 global brands. The Firm markets its products under the Audiovox brand name and other brand names and licensed brands, such as 808, AR for Her, Acoustic Research, Advent, Ambico, Car Link, Chapman, Code-Alarm, Energy, Heco, Hirschmann Car Communication, Incaar, Invision, Jamo, Jensen, Klipsch, Mac Audio, Magnat, Mirage, myris, Oehlbach, Omega, Phase Linear, Prestige, Pursuit, RCA, RCA Accessories, Schwaiger, Recoton, Terk and Voxx/Hirschmann, as well as private labels through domestic and international distribution network.

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