Large Outflow of Money Witnessed in WEX

WEX (NYSE:WEX) traded higher in the last at $89.78, gaining 1.72 points or 1.95%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-4.92) million. The composite uptick value of $6.71 million was eclipsed by the accrued downtick value of $11.62 million, thereby ensuring the up/down ratio of 0.58. For the week, the shares have posted returns of -1.08%.A block trade registered during the day has revealed $0 million in upticks and $5.39 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-5.39) million.

WEX Inc. has dropped 0.42% in the last five trading days, however, the shares have posted positive gains of 1.68% in the last 4 weeks. WEX Inc. is up 10.85% in the last 3-month period. Year-to-Date the stock performance stands at 2.24%.

Currently the company Insiders own 0.86% of WEX shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of 4.67%. . On the companys insider trading activities, Dubyak Michael E, director of Wex Inc., executed a transaction worth $252,206 on February 29, 2016. A total of 3,800 shares were purchased at an average price of $66.37. 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.

WEX (NYSE:WEX) rose 2.63% or 2.32 points on Friday and made its way into the gainers of the day. After trading began at $88 the stock was seen hitting $91.57 as a peak level and $87.86 as the lowest level. The stock ended up at $90.38. The daily volume was measured at 690,147 shares. The 52-week high of the share price is $118.97 and the 52-week low is $54.42. The company has a market cap of $3,498 million.

WEX Inc. is a provider of corporate payment solutions. The Company operates in two segments: Fleet Payment Solutions and Other Payment Solutions. The Companys Fleet Payment Solutions segment provides customers with fleet vehicle payment processing services for commercial and Government fleets. Its Other Payment Solutions segment comprises its virtual, healthcare, paycard and prepaid products. The Companys United States operations include the Company and its wholly owned subsidiaries, WEX Bank, FleetOne and Evolution1. Its international operations include its wholly owned subsidiaries, WEX Fuel Cards Australia, WEX Prepaid Cards Australia, WEX New Zealand, WEX Europe Limited, UNIK S.A. and WEX Europe Services Limited and its subsidiaries.

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