Large Outflow of Money Witnessed in SolarCity Corporation

SolarCity Corporation (SCTY) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($2.6 million) and the uptick to downtick ratio was 0.77. The transaction value on upticks was $8.75 million and on downticks, the transaction value was $11.35 million. In block trades, the transaction value of inflow done during uptick was $1.48 million. The transaction value of block trades during downticks was $2.3 million. The uptick to downtick block trade ratio was 0.64. The money flow was negative ($0.82 million), indicating the traders were booking profit on the price strength. SolarCity Corporation (SCTY) rose $0.32 at $20.31, during intraday Wednesday , a rise of 1.6% over the previous days close.


Shares of SolarCity Corporation appreciated by 11.73% during the last five trading days but lost 4.57% on a 4-week basis. SolarCity Corporation has dropped 15.69% during the last 3-month period . Year-to-Date the stock performance stands at -59.86%.

SolarCity Corporation (SCTY) has an average broker rating of 3, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

SolarCity Corporation (NASDAQ:SCTY): The stock opened at $20.14 and touched an intraday high of $20.48 on Wednesday. During the day, the stock corrected to an intraday low of $19.89, however, the bulls stepped in and pushed the price higher to close in the green at $20.48 with a gain of 2.45% for the day. The total traded volume for the day was 2,545,308. The stock had closed at $19.99 in the previous trading session.

SolarCity Corporation (SolarCity) sells renewable energy. The Company integrates the sales, engineering, installation, monitoring, maintenance and financing of its distributed solar energy systems. It offers long-term energy solutions to residential, commercial and government customers. It offers its customers the option to either purchase and own solar energy systems or to purchase the energy that its solar energy systems produce through various contractual arrangements. The Companys products, services and technologies include solar energy systems, customer agreements, grid control / energy storage systems, Zep solar mounting systems and software. The Companys wholly owned subsidiary, Zep Solar, Inc. (Zep Solar) licenses its Zep Groove technology to photovoltaic module and power electronics manufacturers, and supplies the Company with complementary mounting and grounding hardware. The Company served customers in 15 states and the District of Columbia, United States.

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