Shutterstock (SSTK) : Thursdays money flow data in Shutterstock (SSTK) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $10.91 million, whereas, $5.14 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.12, in favor of the bulls. The total money flow into the stock was $5.77 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $4.27 million. The total value of block trades done on upticks was $4.27 million. Shutterstock (SSTK) fell $1.85 and traded at $55.1, down -3.25% for the day, over previous days close. On a weekly basis, the shares are 15.06% over the previous weeks close.
The stock has recorded a 20-day Moving Average of 19.23% and the 50-Day Moving Average is 27.25%. Shares have dropped -6.94% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $54.74 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $43.84 and the 200 Day Moving Average price is recorded at $37.25.
Shutterstock (NYSE:SSTK): The stock opened at $57.08 on Thursday but the bulls could not build on the opening and the stock topped out at $57.31 for the day. The stock traded down to $54.88 during the day, due to lack of any buying support eventually closed down at $55.10 with a loss of -3.25% for the day. The stock had closed at $56.95 on the previous day. The total traded volume was 533,701 shares.
In an insider trading activity,The officer (Chief Financial Officer) of Shutterstock, Inc., Berns Steven sold 847 shares at $43.3 on June 16, 2016. The Insider selling transaction had a total value worth of $36,675. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Shutterstock, Inc. (Shutterstock) operates a global marketplace for commercial digital content, including images, video and music. The Companys commercial digital imagery consists of licensed photographs, illustrations and video clips that companies use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content while commercial music consists of music tracks. The demand for commercial digital imagery and music comes from businesses, marketing agencies and media organizations. It reaches new customers through a set of marketing channels, including online display advertising, print advertising, tradeshows, email marketing, direct mail, affiliate marketing, public relations, social media and partnerships. The Companys online marketplace provides a freely searchable collection of commercial digital imagery and music that its users can pay to license, download and incorporate into their work.