Credit Acceptance Corporation (CACC) : Mondays money flow data in Credit Acceptance Corporation (CACC) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $13.55 million, whereas, $7.33 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.85, in favor of the bulls. The total money flow into the stock was $6.22 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $3.88 million. The total value of block trades done on upticks was $3.88 million. Credit Acceptance Corporation (CACC) fell $1.48 and traded at $196.51, down -0.75% for the day, over previous days close. On a weekly basis, the shares are 6.53% over the previous weeks close.
Credit Acceptance Corp. is up 1.21% in the last 3-month period. Year-to-Date the stock performance stands at -8.18%. Shares of Credit Acceptance Corp. rose by 7.04% in the last five trading days and 15.59% for the last 4 weeks. In a related news, The director officer 10% owner (Chairman), of Credit Acceptance Corp, Foss Donald A had unloaded 400 shares at $220.1 per share in a transaction on March 9, 2016. The total value of transaction was $88,040. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Credit Acceptance Corporation (NASDAQ:CACC): On Mondays trading session , Opening price of the stock was $198 with an intraday high of $199.53. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $194.89. However, the stock managed to close at $196.51, a loss of 0.75% for the day. On the previous day, the stock had closed at $197.99. The total traded volume of the day was 156,596 shares.
Credit Acceptance Corporation (Credit Acceptance) is a provider of financing programs to automobile dealers that enable them to sell vehicles to consumers. The Companys financing programs are offered through a nationwide network of automobile dealers; from repeat and referral sales generated by customers, and from sales to customers responding to advertisements for it products. The Company has two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, it advances money to dealer (Dealer Loan) in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealer (Purchased Loan) and keeps all amounts collected from the consumer. Its target market is independent and franchised automobile dealers in the United States. It provides dealers the ability to offer vehicle service contracts to consumers through its relationships with third-party providers (TPPs).