Large Outflow of Money Witnessed in Accenture plc.

Accenture plc. (ACN) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (18.55 million) in Accenture plc. (ACN). On Friday, The value of composite uptick trades was $28.95 million, whereas, the value of composite downtick trades was $47.5 million and the ratio between the two was 0.61, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $20.01 million. $2.09 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.1. The negative money flow of ($17.92 million) shows selling on strength. Accenture plc. (ACN) gained $0.6 intraday at $115.66 and registrered 0.52% for the week.


The company Insiders own 0.17% of Accenture plc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.42% . Institutional Investors own 77.67% of Accenture plc. shares. During last six month period, the net percent change held by insiders has seen a change of -16.87%.

In a related news, The officer (Group Chief Executive-Fin Serv), of Accenture Plc, Lumb Richard had unloaded 1,250 shares at $113.12 per share in a transaction on August 10, 2016. The total value of transaction was $141,400. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Accenture plc. (NYSE:ACN): The stock opened at $115.5 and touched an intraday high of $116.26 on Friday. During the day, the stock corrected to an intraday low of $115.2401, however, the bulls stepped in and pushed the price higher to close in the green at $115.66 with a gain of 0.52% for the day. The total traded volume for the day was 1,539,566. The stock had closed at $115.06 in the previous trading session.

On a relative basis, the stock has outperformed the S&P 500 by 1.06% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.4% in the last 1 week, and is up 0.93% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Companys business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Companys segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources. The Communications, Media & Technology segment serves the communications, electronics, technology, media and entertainment industries. The Financial Services segment serves the banking, capital markets and insurance industries. The Health & Public Service segment serves healthcare payers and providers, government departments, public service organizations, educational institutions and non-profit organizations. The Products segment serves consumer-relevant industries. The Resources segment serves the chemicals, energy, forest products, metals and mining, utilities and related industries.

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