Shares of NetApp (NTAP) Sees Large Inflow of Net Money Flow

NetApp (NTAP): $1.27 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 1.17. The value of trades done on upticks was $8.92 million, whereas, trades done on downticks were valued at $7.64 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $1.54 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $1.54 million. NetApp (NTAP) fell $0.03 traded at $34.9, a change of -0.09% over the previous day. The stock is -0.26% for the week.


The company Insiders own 0.49% of NetApp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -34.43% . Institutional Investors own 89.7% of NetApp shares. During last six month period, the net percent change held by insiders has seen a change of -40.13%.

In a related news, The Securities and Exchange Commission has divulged that Kurian George, director officer (CEO) of Netapp, Inc., had unloaded 48,176 shares at an average price of $34.87 in a transaction dated on August 26, 2016. The total value of the transaction was worth $1,679,897.

NetApp (NASDAQ:NTAP): stock was range-bound between the intraday low of $34.75 and the intraday high of $35.2 after having opened at $35.16 on Fridays session. The stock finally closed in the red at $35.16, a loss of -0.09%. The stock remained in the red for the whole trading day. The total traded volume was 2,053,574 shares. The stock failed to cross $35.2 in Fridays trading. The stocks closing price on Thursday was $34.93.

NetApp (NTAP) has risen sharply, recording gains of 28.69% in the past 4 weeks. However, the stock has corrected -0.26% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 28.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

NetApp, Inc. (NetApp) is engaged in providing software, systems and services to manage and store customer data. The Company offers a portfolio of products and services to a range of customer workloads across various data types and deployment models. Its data management solutions enable customers on-premises or in a public cloud resource to control, integrate, move and manage it. It offers both all-flash arrays and hybrid flash arrays and its portfolio includes hybrid and all-flash storage offerings. The Company also offers FlexPod solutions for workloads, such as big data, HPC and video analytics that integrate Hadoop. Its scale-out fabric-attached storage (FAS) platform uses the NetApp Data ONTAP storage operating system. Its Data ONTAP software delivers data protection, data management and software for virtualized, shared infrastructures, cloud computing and mixed workload business applications. The Company focuses on the data management and storage markets.

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