Shares of Citrix Systems (CTXS) Sees Large Outflow of Money

Citrix Systems (CTXS) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($5.43 million) and the uptick to downtick ratio was 0.73. The transaction value on upticks was $14.79 million and on downticks, the transaction value was $20.22 million. The transaction value of block trades during downticks was $3.75 million. The money flow was negative ($3.75 million), indicating the traders were booking profit on the price strength. Citrix Systems (CTXS) rose $1.12 at $80.69, during intraday Thursday , a rise of 1.41% over the previous days close.


Citrix Systems (CTXS) : The most positive equity analysts on Citrix Systems (CTXS) expects the shares to touch $98, whereas, the least positive believes that the stock will trade at $80 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $89.07 with an expected fluctuation of $6.65 from the mean. The stock has recorded a 20-day Moving Average of 3.02% and the 50-Day Moving Average is 3.14%.

Citrix Systems (NASDAQ:CTXS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.55 and $79.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $80.69, notching a gain of 1.41% for the day. The total traded volume was 1,228,618 . The stock had closed at $79.57 on the previous day.

Citrix Systems, Inc. provides virtualization, mobility management, networking and SaaS solutions to businesses. The Companys solutions offer secure, mobile workspaces that provide people with access to apps, desktops, data and communications on any device, over any network or cloud. It markets and licenses its products directly to customers. The Company operates through two segments: Enterprise and Service Provider division and the Mobility Apps division. Enterprise and Service Provider divisions Workspace services include mobile platforms, desktop and application virtualization, citrix workspace suite and delivery networking. Its Mobility Apps applications include communications cloud, documents cloud and workflow cloud. It also offers Professional Services and Technology products, which include Citrix HDX, FlexCast, Citrix personalization technologies, NetScaler Software Packet Engine, ByteMobile Adaptive Traffic Management System, XenMobile and Citrix Internet, among others.

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