Shares of Evertec (EVTC) Sees Large Outflow of Money

Evertec (EVTC) : Money flow in the Evertec (EVTC) stock was negative (5.01 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $0.32 million, compared to $5.34 million on downticks. The total uptick to downtick ratio was 0.06, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($4.88 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $4.88 million, indicating persistent selling. Evertec (EVTC) traded $0.23 higher at $16.83 gaining 1.39% over the previous days close.


The stock has recorded a 20-day Moving Average of 6.96% and the 50-Day Moving Average is 12.26%. Shares have dropped -21.08% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $21.40 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $15.54 and the 200 Day Moving Average price is recorded at $14.16.

Evertec (NYSE:EVTC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.60 and $16.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.83, notching a gain of 1.39% for the day. The total traded volume was 437,868 . The stock had closed at $16.60 on the previous day.

In an insider trading activity, Ramirez Carlos J., officer (Executive Vice President) of Evertec, Inc., unloaded 37,500 shares at an average price of $18.31 on September 21, 2015. The total amount of the transaction was worth $686,625, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

EVERTEC, Inc. is a service transaction processing business in Latin America. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. The Merchant Acquiring segment consists of services that allow merchants to accept electronic methods of payment. Its services include a discount fee and membership fees charged to merchants, debit network fees and rental fees from point-of-sale (POS) devices and other equipment, net of credit card interchange and assessment fees. The Payment Processing segment provides access to the ATH network and other card networks to financial institutions, including services, such as authorization, processing, management and recording of automated teller machines (ATM) and POS transactions, and ATM management and monitoring. The Business Solutions segment consist of a suite of business process management solutions in various product areas, such as core bank processing, network hosting and management, among others.

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