Large Outflow of Money Witnessed in Caseys General Stores

Caseys General Stores (CASY) : Net money flow in Caseys General Stores (CASY) was negative ($5 million) and the inflow of money on uptick was $18.03 million, whereas, the outflow of money on downticks amounted to $23.03 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.78. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $2.75 million. On the other hand, the total value of block trades done on downticks was $7.2 million. The ratio of uptick to downtick block trades was 0.38. The money flow in block trades was negative ($4.45). Caseys General Stores (CASY) gained $0.45 cent during the day and reached $116.15, a gain of 0.39% over the previous day.


Caseys General Stores, Inc. has lost 2.92% in the last five trading days and dropped 12.94% in the last 4 weeks. Caseys General Stores, Inc. has dropped 9.5% during the last 3-month period . Year-to-Date the stock performance stands at -3.02%.

Caseys General Stores (CASY) : The consensus on Caseys General Stores (CASY) based on 9 analyst recommendation on the company stock is 1.89, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Caseys General Stores (NASDAQ:CASY): The stock opened at $115.92 and touched an intraday high of $117 on Wednesday. During the day, the stock corrected to an intraday low of $115.5, however, the bulls stepped in and pushed the price higher to close in the green at $116.15 with a gain of 0.39% for the day. The total traded volume for the day was 744,727. The stock had closed at $115.7 in the previous trading session.

Caseys General Stores, Inc. and its wholly owned subsidiaries operate convenience stores under the name Caseys General Store in 14 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates one store selling primarily tobacco products. The stores carry food, including freshly prepared foods, such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items. As of April 30, 2015, the Company operated 1,878 stores. The Company operates a central warehouse, Caseys Distribution Center in Ankeny, Iowa, through which it supplies grocery and general merchandise items to its stores. The Companys subsidiary Caseys Retail Company operates stores in Illinois, Kansas, Minnesota, Nebraska, North Dakota and South Dakota. Its subsidiary Caseys Marketing Company owns and has responsibility for the operation of stores in Arkansas, Indiana, Iowa, Kentucky, Missouri, Oklahoma, Tennessee and Wisconsin.

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