Large Outflow of Money Witnessed in NetApp

NetApp (NTAP) : Money flow in the NetApp (NTAP) stock was negative (2.85 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $3.75 million, compared to $6.59 million on downticks. The total uptick to downtick ratio was 0.57, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.83 million), indicating selling on the strength. The transaction value during uptick in block trades was $0.36 million. Downtick transaction value in block trades amounted to $3.19 million, indicating persistent selling. The uptick to downtick ratio was 0.11. NetApp (NTAP) traded $0.22 higher at $25.49 gaining 0.87% over the previous days close.


NetApp, Inc. is up 3.88% in the last 3-month period. Year-to-Date the stock performance stands at -1.61%. Shares of NetApp, Inc. rose by 5.41% in the last five trading days and 5.2% for the last 4 weeks. In a related news,The Officer (Exec Vp, Product Operations) of NetApp, Inc., Reich Joel D sold 2,241 shares at $24.35 on June 30, 2016. The Insider selling transaction had a total value worth of $54,568. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

NetApp (NASDAQ:NTAP): stock turned positive on Monday. Though the stock opened at $25.08, the bulls momentum made the stock top out at $25.55 level for the day. The stock recorded a low of $25.04 and closed the trading day at $25.55, in the green by 1.11%. The total traded volume for the day was 1,505,681. The stock had closed at $25.27 in the previous days trading.

NetApp, Inc. (NetApp) is engaged in providing software, systems and services to manage and store customer data. The Company offers a portfolio of products and services to a range of customer workloads across various data types and deployment models. Its data management solutions enable customers on-premises or in a public cloud resource to control, integrate, move and manage it. It offers both all-flash arrays and hybrid flash arrays and its portfolio includes hybrid and all-flash storage offerings. The Company also offers FlexPod solutions for workloads, such as big data, HPC and video analytics that integrate Hadoop. Its scale-out fabric-attached storage (FAS) platform uses the NetApp Data ONTAP storage operating system. Its Data ONTAP software delivers data protection, data management and software for virtualized, shared infrastructures, cloud computing and mixed workload business applications. The Company focuses on the data management and storage markets.

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