Shares of Bitauto Holdings Limited (BITA) Sees Large Inflow of Net Money Flow

Bitauto Holdings Limited (BITA) : Fridays money flow indicated an uptick to downtick ratio was at 2.92. The total value of inflow transactions on upticks was $0.58 million, whereas, the total value of outflow trades on downticks was $0.2 million. The total money flow was $0.38 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0 million. The total value of the trades done on upticks was $0 million. Bitauto Holdings Limited (BITA) was trading with a -1.61% change over previous days close. It fell $0.42 during the day and reached $25.62. The stock was 1.95% compared to the previous weeks close.


Institutional Investors own 20.91% of Bitauto Holdings Limited shares.

Bitauto Holdings Limited (NYSE:BITA): The stock opened at $26.39 and touched an intraday high of $26.39 on Friday. During the day, the stock corrected to an intraday low of $25.54, however, the bulls stepped in and pushed the price higher to close in the green at $26.23 with a gain of 0.73% for the day. The total traded volume for the day was 371,866. The stock had closed at $26.04 in the previous trading session.

Bitauto Holdings Limited (BITA) has been under a strong bear grip, hence the stock is down -7.06% 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 3.85% in the past 1 week. The stock has risen by 4.38% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.18% in the past 4 weeks.

Bitauto Holdings Limited (Bitauto) is a provider of Internet content and marketing services for Chinas automotive industry. The Companys and Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback. Bitauto operates through three segments: the advertising business, the EP platform business and its digital marketing solutions business. The advertising business offers automakers and dealers a range of advertising services through its Website and mobile applications. The EP platform business provides Web-based and mobile-based integrated digital marketing solutions to automobile customers in China. The digital marketing solutions business provides automakers with various digital marketing solutions. The Companys brand names include and

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.