Large Inflow of Money Witnessed in SAP SE

SAP SE (SAP) : On Thursday, The money flowed into the SAP SE (SAP) stock with an uptick to downtick ratio was recorded at 1.29. Transactions worth $1.89 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $1.46 million. The total money flow into the stock was $0.43 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0 million of block transactions on upticks. The total money flow in block trades was $0 million. In terms of price action, SAP SE (SAP) traded down $0.05 during the session at $74.66. Compared to the previous days closing, the stock was down only by -0.07%. For the week, the stock is -0.42%, over previous weeks closing.


SAP SE (SAP) : The highest level SAP SE (SAP) is projected to reach is $108 for the short term and the lowest estimate is at $78. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $88.82 and the possibility the share price can swing is $11.57. The stock has recorded a 20-day Moving Average of 2.73% and the 50-Day Moving Average is 4.15%.

SAP SE (NYSE:SAP): The stock opened at $74.62 on Thursday but the bulls could not build on the opening and the stock topped out at $74.85 for the day. The stock traded down to $74.38 during the day, due to lack of any buying support eventually closed down at $74.59 with a loss of -0.16% for the day. The stock had closed at $74.71 on the previous day. The total traded volume was 1,220,187 shares.

SAP SE, formerly SAP AG, is a provider of application and analytics software for enterprises in mobile enterprise management. SAP is an enterprise cloud company. As of December 31, 2014, the Company has more than 282,000 customers in over 180 countries. The Company offers solutions-based on its SAP HANA platform. The SAP HANA platform combines database, data processing, and application platform capabilities in-memory. It also provides capabilities, such as predictive text analytics, spatial processing and data virtualization. The Company offers application software to around 25 industries in six industry sectors and 12 business lines, including consumer, discrete manufacturing, energy and natural resources, financial services, public services and other services. Through Sapphire Ventures, Sapphire Ventures invests in global companies, as well as early-stage venture capital funds in enterprise and consumer technology.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.