Large Inflow of Money Detected in Fabrinet

Fabrinet (FN) : $1.1 million worth of transactions were on upticks in Fabrinet (FN), compared to $0.65 million on downticks. The ratio between the two was 1.7, whereas, the net money flow stood at a healthy $0.45 million on Thursdays session. The consistent buying on upticks in the stock accounted for $0.1million worth of trades. The total money flow into the stock stood at $0.1 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.16%. The stock was trading at $37.8, with a drop of $0.06 over the previous days close. The stock recorded 3.31% for the week.


The stock has recorded a 20-day Moving Average of 5% and the 50-Day Moving Average is 7.5%. Shares have rallied 99.31% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $39.05 and the one year low was seen on Jul 28, 2015. The 50-Day Moving Average price is $36.13 and the 200 Day Moving Average price is recorded at $30.68.

Fabrinet (NYSE:FN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.11 and $37.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.28, notching a gain of 1.11% for the day. The total traded volume was 268,257 . The stock had closed at $37.86 on the previous day.

In an insider trading activity, Gill Harpal, officer (President & COO) of Fabrinet, unloaded 82,703 shares at an average price of $35.06 on May 31, 2016. The total amount of the transaction was worth $2,899,567, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of complex products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices and sensors. The Company offers a range of optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and test. The Company focuses primarily on the production of low-volume, high-mix products. The Company operates primarily in three geographic regions: North America, Asia-Pacific and Europe. The products offered by the Company include optical communications devices, solid state diode-pumped gas and fiber lasers, and sensors.

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