Large Inflow of Money Detected in NetApp

NetApp (NTAP) : The money flow analysis of NetApp (NTAP) indicates a $0.73 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $1.21 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.67 and so was the total money flow at $0.49 million. The bulls lapped up $0.62 million worth of block trades on upticks. The money flow was $0.62 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of NetApp (NTAP), pushing it down by -0.24% for the day. The stock slid $0.06 and traded at $25.26 during the day. Nonetheless, the stock is 2.93% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 3.13% and the 50-Day Moving Average is 4%. Shares have dropped -20.95% from its 1 Year high price. On Oct 23, 2015, the shares registered one year high at $34.81 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $24.68 and the 200 Day Moving Average price is recorded at $24.48.

NetApp (NASDAQ:NTAP): The stock opened at $25.67 on Thursday but the bulls could not build on the opening and the stock topped out at $25.73 for the day. The stock traded down to $25.18 during the day, due to lack of any buying support eventually closed down at $25.29 with a loss of -0.86% for the day. The stock had closed at $25.51 on the previous day. The total traded volume was 3,154,806 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Reich Joel D, Officer (Exec Vp, Product Operations) of NetApp, Inc., had unloaded 2,241 shares at an average price of $24.35 in a transaction dated on June 30, 2016. The total value of the transaction was worth $54,568.

NetApp, Inc. (NetApp) is engaged in providing software, systems and services to manage and store customer data. The Company offers a portfolio of products and services to a range of customer workloads across various data types and deployment models. Its data management solutions enable customers on-premises or in a public cloud resource to control, integrate, move and manage it. It offers both all-flash arrays and hybrid flash arrays and its portfolio includes hybrid and all-flash storage offerings. The Company also offers FlexPod solutions for workloads, such as big data, HPC and video analytics that integrate Hadoop. Its scale-out fabric-attached storage (FAS) platform uses the NetApp Data ONTAP storage operating system. Its Data ONTAP software delivers data protection, data management and software for virtualized, shared infrastructures, cloud computing and mixed workload business applications. The Company focuses on the data management and storage markets.

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