Large Outflow of Money Witnessed in Red Hat

Red Hat (RHT) : Mondays money flow analysis of Red Hat (RHT) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $1.05 million. In comparison, the inflow of money on upticks was a meager $0.43 million. The dollar value of composite uptick trades minus the downtick trades was negative $0.62 million. The uptick to downtick ratio of 0.41 in the money flow shows weakness. The downtick transaction value was high at $0.84 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($0.84 million). Red Hat (RHT) gained $0.13 at $72.96, a change of 0.18% over the previous days close.


Red Hat, Inc. has dropped 3.51% during the last 3-month period . Year-to-Date the stock performance stands at -12.09%. Shares of Red Hat, Inc. appreciated by 0.22% during the last five trading days but lost 5.42% on a 4-week basis. In a related news, The Securities and Exchange Commission has divulged that Cunningham Michael, officer (EVP, General Counsel) of Red Hat Inc, had unloaded 10,000 shares at an average price of $73.14 in a transaction dated on July 11, 2016. The total value of the transaction was worth $731,400.

Red Hat (NYSE:RHT): On Mondays trading session , Opening price of the stock was $72.71 with an intraday high of $73.19. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $72.58. However, the stock managed to close at $72.8, a loss of 0.04% for the day. On the previous day, the stock had closed at $72.83. The total traded volume of the day was 1,200,422 shares.

Red Hat, Inc. is a provider of open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, middleware, storage and cloud technologies. The Company employs an open source development model. The open source development model allows it to use the collective input, resources and knowledge of a global community of contributors who can collaborate to develop, maintain and enhance software because the human-readable source code for that software is publicly available and licenses permit modification. The Company distributes its software offerings under open source licenses that permit access to the softwares human-readable source code. The Company provides its software offerings primarily under annual or multi-year subscriptions as well as on-demand through cloud service providers.

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