Large Outflow of Money Witnessed in Accenture plc.

Accenture plc. (ACN) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (16.31 million) in Accenture plc. (ACN). On Wednesday, The value of composite uptick trades was $75.05 million, whereas, the value of composite downtick trades was $91.36 million and the ratio between the two was 0.82, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $28.34 million. $5.75 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.2. The negative money flow of ($22.59 million) shows selling on strength. Accenture plc. (ACN) gained $0.52 intraday at $116.65 and registrered 0.45% for the week.


Shares of Accenture plc rose by 4.43% in the last five trading days and 1.57% for the last 4 weeks. Accenture plc is up 4.38% in the last 3-month period. Year-to-Date the stock performance stands at 12.71%.

Accenture plc. (ACN) : Zacks Investment Research ranks Accenture plc. (ACN) as 4, which is a Sell recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 1.94, which indicates as a Buy.

Accenture plc. (NYSE:ACN): The stock opened at $115.68 and touched an intraday high of $117.0625 on Wednesday. During the day, the stock corrected to an intraday low of $115.37, however, the bulls stepped in and pushed the price higher to close in the green at $116.65 with a gain of 0.45% for the day. The total traded volume for the day was 3,640,306. The stock had closed at $116.13 in the previous trading session.

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Companys business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Companys segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources. The Communications, Media & Technology segment serves the communications, electronics, technology, media and entertainment industries. The Financial Services segment serves the banking, capital markets and insurance industries. The Health & Public Service segment serves healthcare payers and providers, government departments, public service organizations, educational institutions and non-profit organizations. The Products segment serves consumer-relevant industries. The Resources segment serves the chemicals, energy, forest products, metals and mining, utilities and related industries.

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.