Large Inflow of Money Detected in Accenture plc.

Accenture plc. (ACN) : Thursdays money flow data in Accenture plc. (ACN) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $50.4 million, whereas, $30.86 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.63, in favor of the bulls. The total money flow into the stock was $19.54 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $21.2 million. The total value of block trades done on upticks was $21.2 million. Accenture plc. (ACN) fell $0.06 and traded at $116.77, down -0.05% for the day, over previous days close. On a weekly basis, the shares are 1.44% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 1.41% and the 50-Day Moving Average is 0.31%. Shares have rallied 14.61% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $120.78 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $116.71 and the 200 Day Moving Average price is recorded at $109.56.

Accenture plc. (NYSE:ACN): The stock opened at $117.50 on Thursday but the bulls could not build on the opening and the stock topped out at $118.00 for the day. The stock traded down to $116.66 during the day, due to lack of any buying support eventually closed down at $116.77 with a loss of -0.05% for the day. The stock had closed at $116.83 on the previous day. The total traded volume was 1,502,076 shares.

In an insider trading activity, The Director Officer (Chairman & Ceo), of Accenture plc, Nanterme Pierre had unloaded 46,739 shares at $111.32 per share in a transaction on June 29, 2016. The total value of transaction was $5,202,985. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

Comments (0)

Leave a Reply

Your email address will not be published.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

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.