Large Outflow of Money Witnessed in LogMein

LogMein (LOGM) : The total money flow in LogMein (LOGM) was negative ($2.71 million), which signals selling by the traders on Mondays session. They trimmed their holdings by selling the stock on downticks to the tune of $3.75 million. In comparison, the inflow of money into the stock on upticks was $1.04 million. The uptick to downtick ratio was 0.28. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $2.55 million. The negative money flow of ($2.55 million) confirms the selling in LogMein (LOGM) on strength. LogMein (LOGM) gained $0.19 at $63.56, a gain of 0.3% over the previous days close. However, the stock registered 0.97% in the week.


LogMeIn, Inc. is up 27.44% in the last 3-month period. Year-to-Date the stock performance stands at -5.38%. Shares of LogMeIn, Inc. rose by 1.13% in the last five trading days and 2.63% for the last 4 weeks. In a related news, Simon Michael K, director of Logmein, Inc., unloaded 11,296 shares at an average price of $62.6 on June 9, 2016. The total amount of the transaction was worth $707,130, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

LogMein (NASDAQ:LOGM): stock turned positive on Monday. Though the stock opened at $63.23, the bulls momentum made the stock top out at $64.065 level for the day. The stock recorded a low of $62.97 and closed the trading day at $63.49, in the green by 0.19%. The total traded volume for the day was 176,693. The stock had closed at $63.37 in the previous days trading.

LogMeIn, Inc. provides a portfolio of cloud-based service offerings. The Companys services range from free downloadable mobile and Web-based collaboration apps to enterprise grade professional helpdesk solutions to a cloud-based platform for the Internet of Things, all of which are accessible with an Internet connection. The Companys services are delivered via the cloud as hosted services. The Company offers both free and fee based, or premium, services. The Companys core cloud-based services are categorized into four business lines: Collaboration, Service and Support, Connected Products and Additional Service Offerings. Its collaboration business consists of services for users to interact with and access the computers, devices, data and people that make up their digital world., pro and enterprise are its free and premium browser-based online meeting and screen sharing services that give users the ability to host an online meeting with other people.

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