Large Inflow of Money Detected in Blackhawk Network Holdings

Blackhawk Network Holdings (HAWK) stock had a bullish inflow of $0.12 million worth of trades on uptick and an outflow of $0.01 million in downticks on Thursday. The total uptick to downtick ratio stood at 11.87. The net money flow into the stock was $0.11 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 $0.1 million. $0.1 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Blackhawk Network Holdings (HAWK) stock traded down $0.06 , and reached $34, a drop of -0.18% over the previous day. On a weekly basis, the stock is 1.95%, over the previous weeks close.


The stock has recorded a 20-day Moving Average of 4.3% and the 50-Day Moving Average is 4.15%. Shares have dropped -22.50% from its 1 Year high price. On Nov 25, 2015, the shares registered one year high at $48.40 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $33.52 and the 200 Day Moving Average price is recorded at $35.06.

Blackhawk Network Holdings (NASDAQ:HAWK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.43 and $33.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.42, notching a gain of 1.06% for the day. The total traded volume was 661,796 . The stock had closed at $34.06 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Accounting Officer) of Blackhawk Network Holdings, Inc, Lockie Joan B had sold 403 shares worth of $12,803 in a transaction dated May 17, 2016. In this transaction, 403 shares were sold at $31.77 per share.

Blackhawk Network Holdings, Inc. (Blackhawk) is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, and related prepaid products and payment services in the United States and 21 other countries. It operates in two segments: US Retail and Incentives & Rewards, and International Retail. US Retail and Incentives & Rewards segment consists of the various operating segments of its United States retail products, online channel, secondary card market and incentive and reward solutions and derives revenues from sales of prepaid products to consumers at its United States retail distribution partners, online and through its card exchange and prepaid products to consumers through business clients. Its International Retail segment consists of the various operating segments of its geographic regions and derives revenues from sales of prepaid products to consumers at its international retail distribution partners.

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