Large Outflow of Money Witnessed in WageWorks

WageWorks (WAGE) : The total money flow in WageWorks (WAGE) was negative ($4.25 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $5.34 million. Transactions on upticks were comparatively lower at $1.09 million. The uptick to downtick ratio was 0.2. The total block trades on downticks were valued at $4.32 million. The money flow during block trades was negative ($4.32 million) when the stock traded with a gain of $5 cent. WageWorks (WAGE) was $61.99, an increase of 0.08% over the previous days close.


WageWorks, Inc. has dropped 2.71% in the last five trading days, however, the shares have posted positive gains of 1.92% in the last 4 weeks. WageWorks, Inc. is up 6.48% in the last 3-month period. Year-to-Date the stock performance stands at 36.98%.

WageWorks (WAGE) : The consensus on WageWorks (WAGE) based on 6 analyst recommendation on the company stock is 1.17, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.

WageWorks (NYSE:WAGE): The stock opened at $62.14 and touched an intraday high of $62.3175 on Wednesday. During the day, the stock corrected to an intraday low of $61.55, however, the bulls stepped in and pushed the price higher to close in the green at $62.15 with a gain of 0.34% for the day. The total traded volume for the day was 193,470. The stock had closed at $61.94 in the previous trading session.

WageWorks, Inc. is engaged in administering Consumer-Directed Benefits (CDBs), which empower employees to save money on taxes while also providing corporate tax advantages for employers. The Company is focused on administering CDBs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits.

Comments (0)

Leave a Reply

Your email address will not be published.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