Large Inflow of Money Detected in Zendesk

Zendesk (ZEN) : Thursdays money flow indicated an uptick to downtick ratio was at 1.34. The total value of inflow transactions on upticks was $6.11 million, whereas, the total value of outflow trades on downticks was $4.55 million. The total money flow was $1.56 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $2.02 million. The total value of the trades done on upticks was $4.87 million. Downticks saw transactions worth $2.84 million. The total uptick to downtick ratio stood at 1.71, mildly in favor of the bulls. Zendesk (ZEN) was trading with a -0.45% change over previous days close. It fell $0.13 during the day and reached $29.03. The stock was 3.02% compared to the previous weeks close.


The stock has recorded a 20-day Moving Average of 6.27% and the 50-Day Moving Average is 12%. Shares have rallied 33.18% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $28.83 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $26.39 and the 200 Day Moving Average price is recorded at $22.62.

Zendesk (NYSE:ZEN): The stock opened at $29.47 on Thursday but the bulls could not build on the opening and the stock topped out at $29.59 for the day. The stock traded down to $28.71 during the day, due to lack of any buying support eventually closed down at $28.79 with a loss of -1.27% for the day. The stock had closed at $29.16 on the previous day. The total traded volume was 1,701,855 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Officer (Svp Of Product Development) of Zendesk, Inc., Mcdermott Adrian had sold 4,164 shares worth of $114,968 in a transaction dated June 23, 2016. In this transaction, 4,164 shares were sold at $27.61 per share.

Zendesk, Inc. (Zendesk) is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company answers customers questions and solves their problems through email, chat, voice, social media and Websites. Its platform also helps people find answers on their own through knowledge bases and communities. The Companys platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company, through its subsidiary Zopim, provides live chat software as a standalone service and as an integrated service with its customer service platform for chat-enabled agents. The Company also offers freemium plans for its customer service platform and live chat software, as well as email collaboration software. Its customers are located in 150 countries and territories and provide service through its customer service platform in over 40 languages.

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