Large Inflow of Money Witnessed in Tech Data Corporation

Tech Data Corporation (TECD) : On Thursday, The money flowed into the Tech Data Corporation (TECD) stock with an uptick to downtick ratio was recorded at 35.47. Transactions worth $0.5 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.01 million. The total money flow into the stock was $0.49 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, Tech Data Corporation (TECD) traded down $0.02 during the session at $70.58. Compared to the previous days closing, the stock was down only by -0.03%. For the week, the stock is -0.44%, over previous weeks closing.


Tech Data Corporation (TECD) : 3 Wall Street analysts covering Tech Data Corporation (TECD) believe that the average level the stock could reach for the short term is $75.33. The maximum price target given is $82 and the minimum target for short term is around $67, hence the standard deviation is calculated at $7.64. The stock has recorded a 20-day Moving Average of 7.18% and the 50-Day Moving Average is 0.95%.

Tech Data Corporation (NASDAQ:TECD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.22 and $70.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.62, notching a gain of 1.44% for the day. The total traded volume was 373,660 . The stock had closed at $70.60 on the previous day.

Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing customers with logistics capabilities and services. Its customers include approximately 115,000 value-added resellers (VARs), direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in more than 100 countries throughout North America, South America, Europe, the Middle East and Africa. The Company is managed in two geographic segments: the Americas and Europe. In addition to a range of product offerings, the Company provides resellers training and technical support, suite of electronic commerce tools (including Internet order entry and electronic data interchange (EDI) services), customized shipping documents, product configuration or integration services and access to financing programs.

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