Shares of Ellie Mae (ELLI) Sees Large Inflow of Net Money Flow

Ellie Mae (ELLI) stock had a bullish inflow of $10.21 million worth of trades on uptick and an outflow of $8.32 million in downticks on Monday. The total uptick to downtick ratio stood at 1.23. The net money flow into the stock was $1.89 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.1 million. $0.1 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Ellie Mae (ELLI) stock traded down $0.05 , and reached $96.04, a drop of -0.05% over the previous day. On a weekly basis, the stock is 1.55%, over the previous weeks close.


Ellie Mae, Inc. is up 8.26% in the last 3-month period. Year-to-Date the stock performance stands at 59.36%. Ellie Mae, Inc. has dropped 1.69% in the last five trading days, however, the shares have posted positive gains of 12.27% in the last 4 weeks. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President & CEO) of Ellie Mae Inc, Corr Jonathan had sold 3,500 shares worth of $318,955 in a transaction dated July 6, 2016. In this transaction, 3,500 shares were sold at $91.13 per share.

Ellie Mae (NYSE:ELLI): On Mondays trading session , Opening price of the stock was $96.1 with an intraday high of $96.61. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $95.531. However, the stock managed to close at $95.98, a loss of 0.11% for the day. On the previous day, the stock had closed at $96.09. The total traded volume of the day was 391,570 shares.

Ellie Mae, Inc. (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Companys Encompass mortgage management solution provides one system of record that allows banks, credit unions and mortgage lenders to originate and fund mortgages. The Encompass mortgage management solution handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management that provides one system of record. The Company delivers Encompass software in an on-demand Software-as-a-Service (SaaS). The Company also hosts the Ellie Mae Network.

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