Large Outflow of Money Witnessed in Rovi Corporation

Rovi Corporation (NASDAQ:ROVI) had an volatile session and gained 0.22 points till last call. The price was at $17.29, gaining 1.29% till the last intraday data. The total uptick value was $1.62 million while the total downtick value was $5.41 million. The shares saw a net money flow of $(-3.79) million and the up/down ratio stood at 0.3. The stock has seen a change of of 8.47% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-3.92) million. Almost $0.86 million were received in upticks and approximately $4.78 million were lost in downticks, thereby giving the up/down ratio of 0.18.

Shares of Rovi Corporation rose by 8.34% in the last five trading days and 4.35% for the last 4 weeks. Rovi Corporation has dropped 19.94% during the last 3-month period . Year-to-Date the stock performance stands at 3.66%.

Currently the company Insiders own 5% of Rovi Corporation shares according to the proxy statements. Institutional Investors own 96.73% of Rovi Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -2.08%. . On the companys insider trading activities, Welling Glenn W., director of Rovi Corp, executed a transaction worth $3,244,000 on May 11, 2016. A total of 200,000 shares were purchased at an average price of $16.22. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Rovi Corporation (NASDAQ:ROVI) rose 1.17% or 0.2 points on Friday and made its way into the gainers of the day. After trading began at $17.03 the stock was seen hitting $17.39 as a peak level and $16.846 as the lowest level. The stock ended up at $17.27. The daily volume was measured at 1,372,328 shares. The 52-week high of the share price is $23.6964 and the 52-week low is $8.01. The company has a market cap of $1,439 million.

Rovi Corporation is a digital entertainment technology company. The Company is focused on content discovery and personalization through its technology and intellectual property, using data and analytics to monetize interactions across various entertainment platforms. Content discovery solutions include interactive program guides (IPGs), search and recommendations, cloud data services and its database of metadata, which includes descriptive information, promotional images or other content that describe or relate to Television shows, videos, movies, music, books, games or other entertainment content. The Company also offers advertising and analytics services. The Company operates under the following segments: Intellectual Property Licensing, Products and Corporate. Its solutions are deployed around the world in the cable, satellite, consumer electronics, entertainment, media and online distribution markets.

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