Shares of FleetCor Technologies (FLT) Sees Large Inflow of Net Money Flow

FleetCor Technologies (FLT) : Investors lapped up stocks on upticks to the tune of $11.04 million in the Wednesdays trading session. The trading value on downticks was comparatively at $8.21 million and the uptick to downtick ratio of 1.34 indicates continuous buying by the bulls. The net money flow into the stock was $2.83 million. Upticks saw transactions worth $2.42 clearly indicating buying by large investors. The total money flow for block trades stood at $2.42 million, which is a positive for the stock in the long-term. FleetCor Technologies (FLT) fell $0.41 during the day at $171.04, a drop of -0.24% over the previous days close. However, for the week, the stock is 0.3%, compared to the previous week.

FleetCor

Shares of FleetCor Technologies, Inc. rose by 2.11% in the last five trading days and 5.03% for the last 4 weeks. FleetCor Technologies, Inc. is up 21.9% in the last 3-month period. Year-to-Date the stock performance stands at 22.07%.

FleetCor Technologies (FLT) : 10 analysts are covering FleetCor Technologies (FLT) and their average rating on the stock is 1.65, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. FleetCor Technologies (FLT) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

FleetCor Technologies (NYSE:FLT): The stock opened at $172.07 and touched an intraday high of $174.55 on Wednesday. During the day, the stock corrected to an intraday low of $170.14, however, the bulls stepped in and pushed the price higher to close in the green at $174.48 with a gain of 1.77% for the day. The total traded volume for the day was 995,804. The stock had closed at $171.45 in the previous trading session.

FleetCor Technologies, Inc. is an independent global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, oil companies, petroleum marketers and Government entities in countries. The Company operates in two segments: North America and International. In North America, the Company sells a fuel card product, commercial payment and data solutions, as well as a fleet telematics offering, which allows customers to track the location of mobile workers in field-based businesses, as well as over-the-road trucking fleets. In its International segment, the Company provides small and mid-sized fleets with fuel cards to control and manage spending. Additionally, the Company provides a similar fuel product in its International segment to over-the-road trucking fleets, shipping fleets and other operators of heavily industrialized equipment.

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