Shares of Red Hat (NYSE:RHT) Sees Large Inflow of Net Money Flow

Shares of Red Hat (NYSE:RHT) saw an erosion of -0.17 points in recent session. During the trading, the value of each share was $76.8, dropping -0.22%. The shares saw high fund-flow as the composite value of all the upticks was $30.08 million and the total value of all the downticks was a mere $9.9 million. The net money flow was seen at $20.18 million and the up/down ratio was measured at 3.04. On a weekly basis the shares of the shares have recorded a change of -0.16%.The block trade which occurred today had $22.34 million in upticks and $1.94 million in downticks with the up/down ratio climbing to 11.5. $20.4 million was the net money flow of the block transaction.

Shares of Red Hat, Inc. rose by 0.49% in the last five trading days and 5.89% for the last 4 weeks. Red Hat, Inc. is up 4.33% in the last 3-month period. Year-to-Date the stock performance stands at -6.65%.

Currently the company Insiders own 0.66% of Red Hat shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 3.21% . Institutional Investors own 96.28% of Red Hat shares. During last six month period, the net percent change held by insiders has seen a change of -0.53%. . On the companys insider trading activities, Whitehurst James M, director officer (CEO & President) of Red Hat Inc, unloaded 43,425 shares at an average price of $75 on May 24, 2016. The total amount of the transaction was worth $3,256,875, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Red Hat (NYSE:RHT) rose 0.43% or 0.33 points on Friday and made its way into the gainers of the day. After trading began at $77 the stock was seen hitting $77.42 as a peak level and $76.28 as the lowest level. The stock ended up at $77.3. The daily volume was measured at 1,978,234 shares. The 52-week high of the share price is $84.44 and the 52-week low is $59.59. The company has a market cap of $14,025 million.

Red Hat, Inc. is a provider of open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, middleware, storage and cloud technologies. The Company employs an open source development model. The open source development model allows it to use the collective input, resources and knowledge of a global community of contributors who can collaborate to develop, maintain and enhance software because the human-readable source code for that software is publicly available and licenses permit modification. The Company distributes its software offerings under open source licenses that permit access to the softwares human-readable source code. The Company provides its software offerings primarily under annual or multi-year subscriptions as well as on-demand through cloud service providers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *