Large Outflow of Money Witnessed in Nuance Communications

Nuance Communications (NUAN) : The total money flow in Nuance Communications (NUAN) was negative ($14.54 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $21.15 million. Transactions on upticks were comparatively lower at $6.61 million. The uptick to downtick ratio was 0.31. The total block trades done on upticks were valued at $2.42 million. The total block trades on downticks were valued at $16.93 million. The uptick to the downtick ratio of block trades was 0.14. The money flow during block trades was negative ($14.5 million) when the stock traded with a gain of $30 cent. Nuance Communications (NUAN) was $14.9, an increase of 2.05% over the previous days close.


The company Insiders own 2.23% of Nuance Communications shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.84% . Institutional Investors own 85.72% of Nuance Communications shares. During last six month period, the net percent change held by insiders has seen a change of -8.09%.

In a related news, The Securities and Exchange Commission has divulged that Bowden Adam Bruce, officer (Executive VP Corporate Strateg) of Nuance Communications, Inc., had unloaded 6,000 shares at an average price of $16.03 in a transaction dated on August 1, 2016. The total value of the transaction was worth $96,180.

Nuance Communications (NASDAQ:NUAN): The stock opened at $14.64 and touched an intraday high of $14.93 on Friday. During the day, the stock corrected to an intraday low of $14.63, however, the bulls stepped in and pushed the price higher to close in the green at $14.9 with a gain of 2.05% for the day. The total traded volume for the day was 4,413,676. The stock had closed at $14.6 in the previous trading session.

Nuance Communications (NUAN) has been under a strong bear grip, hence the stock is down -8.47% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.67% in the past 1 week. The stock has risen by 3.19% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.59% in the past 4 weeks.

Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers across the world. The Companys solutions are used in healthcare, mobile, consumer, enterprise customer service, and imaging markets. The Company offers accuracy, natural language understanding capability, domain knowledge and implementation capabilities. The Companys solutions are based on the Companys voice and language platform and are used by businesses for tasks and services, such as requesting information from a phone-based self-service solution, dictating medical records, searching the mobile Web by voice, entering a destination into a navigation system, or working with portable document format (PDF) documents. The Company offers its solutions to its customers in a range of ways, including through products, hosting, professional services and maintenance and support. The Company operates in four segments: Healthcare, Mobile and Consumer, Enterprise, and Imaging.

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