Large Inflow of Money Detected in Ubiquiti Networks

Ubiquiti Networks (UBNT) : $0.15 million worth of transactions were on upticks in Ubiquiti Networks (UBNT), compared to $0.01 million on downticks. The ratio between the two was 18.92, whereas, the net money flow stood at a healthy $0.14 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 -0.15%. The stock was trading at $39.85, with a drop of $0.06 over the previous days close. The stock recorded 1.12% for the week.


The stock has recorded a 20-day Moving Average of 1.24% and the 50-Day Moving Average is 1.59%. Shares have rallied 17.37% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $41.21 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $39.35 and the 200 Day Moving Average price is recorded at $34.28.

Ubiquiti Networks (NASDAQ:UBNT): The stock opened at $40.07 on Thursday but the bulls could not build on the opening and the stock topped out at $40.12 for the day. The stock traded down to $39.37 during the day, due to lack of any buying support eventually closed down at $39.40 with a loss of -1.28% for the day. The stock had closed at $39.91 on the previous day. The total traded volume was 271,814 shares.

In an insider trading activity,The director officer (Chief Financial Officer) of Ubiquiti Networks, Inc., Foster Craig L sold 7,044 shares at $29.73 on February 9, 2015. The Insider selling transaction had a total value worth of $209,418. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Ubiquiti Networks, Inc., develops high performance networking technology for service providers and enterprises. The Companys technology platforms for service providers enable carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. The Companys technology platforms for enterprises enable wireless local area network (WLAN) infrastructure, video surveillance products, and machine-to-machine communications. The Company offers products and solutions based on its proprietary technology with disruptive price-performance characteristics across multiple markets.

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