What’s in Arrow Electronics, Inc. (ARW) After Forming Bearish H&S Chart Pattern?

September 17, 2017 - By Stephen Andrade

Investors sentiment increased to 0.87 in 2016 Q4. Its up 0.14, from 0.73 in 2016Q3. It improved, as 23 investors sold Arrow Electronics, Inc. shares while 139 reduced holdings. 50 funds opened positions while 91 raised stakes. 81.93 million shares or 2.69% less from 84.19 million shares in 2016Q3 were reported.
Fdx reported 0.02% in Arrow Electronics, Inc. (NYSE:ARW). Next Gp Inc Inc has 130 shares for 0% of their portfolio. Federated Invsts Pa reported 92,635 shares. The New York-based Jpmorgan Chase And has invested 0.12% in Arrow Electronics, Inc. (NYSE:ARW). Jacobs Levy Equity Incorporated reported 226,875 shares. Tower Capital Llc (Trc) has 0.02% invested in Arrow Electronics, Inc. (NYSE:ARW). Great West Life Assurance Company Can invested in 0.02% or 107,512 shares. State Treasurer State Of Michigan holds 0.04% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW) for 68,062 shares. Da Davidson accumulated 1,100 shares or 0% of the stock. Ironwood Investment Management Ltd Liability owns 1.45% invested in Arrow Electronics, Inc. (NYSE:ARW) for 27,890 shares. Dreman Value Management L L C holds 0.26% or 6,405 shares in its portfolio. Louisiana State Employees Retirement reported 0.08% in Arrow Electronics, Inc. (NYSE:ARW). Timber Hill Ltd Liability Corporation reported 0% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW). Allianz Asset Ag invested in 889,713 shares. Capstone Asset Management holds 0.02% or 10,725 shares in its portfolio.

Since May 9, 2017, it had 0 insider buys, and 4 sales for $2.15 million activity. Zech Gretchen had sold 9,781 shares worth $756,463 on Tuesday, May 9. Shares for $436,550 were sold by Melvin Vincent P on Tuesday, May 16. 9,692 shares valued at $727,578 were sold by Morris Mary Catherine on Thursday, May 25. $227,970 worth of Arrow Electronics, Inc. (NYSE:ARW) shares were sold by Kerins Sean J.

The stock of Arrow Electronics, Inc. (ARW) formed H&S with $73.16 target or 8.00 % below today’s $79.52 share price. The 7 months Head & Shoulders indicates high risk for the $7.02 billion company. It was reported on Sep, 17 by Faxor.com. If the $73.16 price target is reached, the company will be worth $561.60M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 0.95% or $0.75 on September 15, reaching $79.52. About 467,140 shares traded or 14.58% up from the average. Arrow Electronics, Inc. (NYSE:ARW) has risen 21.10% since September 17, 2016 and is uptrending. It has outperformed by 4.40% the S&P500.

Wall Street await Arrow Electronics, Inc. (NYSE:ARW) to release earnings on November, 2. Analysts forecast EPS of $1.81, up exactly $0.25 or 16.03 % from 2014’s $1.56 EPS. The expected ARW’s profit could reach $159.79M giving the stock 10.98 P/E in the case that $1.81 earnings per share is reported. After posting $1.78 EPS for the previous quarter, Arrow Electronics, Inc.’s analysts now forecast 1.69 % EPS growth.

Arrow Electronics, Inc. (NYSE:ARW) Ratings Coverage

Among 10 analysts covering Arrow Electronics Inc. (NYSE:ARW), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Arrow Electronics Inc. had 16 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Arrow Electronics, Inc. (NYSE:ARW) has “Buy” rating given on Monday, May 9 by Goldman Sachs. Zacks upgraded the shares of ARW in report on Monday, August 31 to “Hold” rating. The rating was upgraded by Credit Agricole on Wednesday, July 29 to “Buy”. The stock of Arrow Electronics, Inc. (NYSE:ARW) earned “Hold” rating by SunTrust on Tuesday, January 3. Stifel Nicolaus maintained the shares of ARW in report on Sunday, September 10 with “Buy” rating. The stock of Arrow Electronics, Inc. (NYSE:ARW) earned “Outperform” rating by Credit Agricole on Thursday, October 29. The firm has “Hold” rating given on Tuesday, January 3 by Suntrust Robinson. The rating was upgraded by Goldman Sachs on Monday, March 14 to “Buy”. The firm earned “Neutral” rating on Tuesday, September 20 by Goldman Sachs. The rating was downgraded by CLSA to “Outperform” on Thursday, October 29.

More notable recent Arrow Electronics, Inc. (NYSE:ARW) news were published by: Seekingalpha.com which released: “Arrow Electronics (ARW) Q1 2017 Results – Earnings Call Transcript” on May 04, 2017, also Nasdaq.com with their article: “Is a Surprise Coming for Arrow Electronics (ARW) This Earnings Season?” published on August 02, 2017, Seekingalpha.com published: “Arrow Electronics: Finding Value In Technology” on January 18, 2017. More interesting news about Arrow Electronics, Inc. (NYSE:ARW) were released by: Businesswire.com and their article: “Arrow Electronics Prices $500 Million Notes Offering” published on September 05, 2017 as well as Businesswire.com‘s news article titled: “Arrow Electronics Exhibits “Sensor-to-Sunset” IoT Offerings at Mobile World …” with publication date: September 11, 2017.

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