Shares of Open Text Corporation (OTEX) Sees Large Inflow of Net Money Flow

Open Text Corporation (OTEX) stock had a bullish inflow of $8.27 million worth of trades on uptick and an outflow of $5.47 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.51. The net money flow into the stock was $2.81 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $2.65 million. An inflow of $0.66 million block trade was recorded on downticks. $3.31 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 5.03 in favor of the bulls. However, Open Text Corporation (OTEX) stock traded down $0.35 , and reached $65, a drop of -0.54% over the previous day. On a weekly basis, the stock is -1.1%, over the previous weeks close.


Open Text Corporation has dropped 1.78% in the last five trading days, however, the shares have posted positive gains of 3.87% in the last 4 weeks. Open Text Corporation is up 11.33% in the last 3-month period. Year-to-Date the stock performance stands at 37.23%.

Open Text Corporation (NASDAQ:OTEX): stock was range-bound between the intraday low of $64.78 and the intraday high of $65.98 after having opened at $65.4 on Wednesdays session. The stock finally closed in the red at $65.4, a loss of -0.54%. The stock remained in the red for the whole trading day. The total traded volume was 610,898 shares. The stock failed to cross $65.98 in Wednesdays trading. The stocks closing price on Thursday was $65.35.

Open Text Corporation is a Canada-based company operating in enterprise information market (EIM). The Company provides software products and services to organizations in finding, utilizing and sharing business information. The Companys products and services include enterprise content management (ECM), business process management (BPM), customer experience management (CEM), information exchange (iX), discovery, and analytics and reporting. Its ECM solutions include content management, archiving and core, among others. Its BPM solutions include process suite platform, capture and recognition systems, and process suite solutions. Its CEM solutions include Web content management, digital asset management and portal. Its iX solutions include business-to-business (B2B) integration, fax solutions and secure messaging. Its discovery solutions include search and InfoFusion. Its analytics and reporting solutions include embedded analytics and reporting, and advanced analytics.

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