Large Inflow of Money Detected in KAR Auction Services Inc

KAR Auction Services Inc (KAR) : Thursdays money flow data in KAR Auction Services Inc (KAR) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $8.85 million, whereas, $7.5 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.18, in favor of the bulls. The total money flow into the stock was $1.35 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.18 million. The total value of block trades done on upticks was $0.84 million. The value of bearish trades on downticks was only $0.67 million.The up/down ratio in the block trades was a healthy 1.27 in favor of the bulls, suggesting strong buying in the stock by large traders. KAR Auction Services Inc (KAR) fell $0.39 and traded at $42.24, down -0.9% for the day, over previous days close. On a weekly basis, the shares are 0.25% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 3.92% and the 50-Day Moving Average is 5.38%. Shares have rallied 12.24% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $42.58 and the one year low was seen on Jan 29, 2016. The 50-Day Moving Average price is $40.80 and the 200 Day Moving Average price is recorded at $37.52.

KAR Auction Services Inc (NYSE:KAR): The stock opened at $42.15 on Thursday but the bulls could not build on the opening and the stock topped out at $42.51 for the day. The stock traded down to $41.86 during the day, due to lack of any buying support eventually closed down at $42.44 with a loss of -0.42% for the day. The stock had closed at $42.62 on the previous day. The total traded volume was 1,475,694 shares.

In an insider trading activity,The Officer (Chief Client Officer) of KAR Auction Services, Inc., Caruso Thomas J. sold 48,860 shares at $41.14 on June 29, 2016. The Insider selling transaction had a total value worth of $2,010,100. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

KAR Auction Services, Inc. is a provider of vehicle auction services in North America. We operate as three reportable business segments: ADESA, Inc. (ADESA Auctions), Insurance Auto Auctions, Inc. (IAA) and Automotive Finance Corporation (AFC). ADESA Auctions is a provider of whole car auctions and related services to the vehicle remarketing industry in North America. IAA is a provider of salvage vehicle auctions and related services. AFC is a provider of floorplan financing to independent used vehicle dealers. The Company provides auction services for sellers of used, or whole car, vehicles and salvage vehicles through a network of around 233 physical auction locations, including 65 whole car auction locations and 168 salvage auction locations, and multiple Internet venues. It also offers ancillary services, including transportation, reconditioning, inspections, marshalling, titling and floorplan financing.

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