Shares of FleetCor Technologies (FLT) Sees Large Outflow of Money

FleetCor Technologies (FLT) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (2.81 million) in FleetCor Technologies (FLT). On Thursday, The value of composite uptick trades was $14.23 million, whereas, the value of composite downtick trades was $17.04 million and the ratio between the two was 0.84, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $2.87 million. The negative money flow of ($2.87 million) shows selling on strength. FleetCor Technologies (FLT) gained $2.18 intraday at $151.85 and registrered 1.46% for the week.


The stock has recorded a 20-day Moving Average of 5.98% and the 50-Day Moving Average is 3.3%. Shares have dropped -8.22% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $164.61 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $145.86 and the 200 Day Moving Average price is recorded at $139.78.

FleetCor Technologies (NYSE:FLT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $151.20 and $150.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $152.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $151.85, notching a gain of 1.46% for the day. The total traded volume was 736,297 . The stock had closed at $149.67 on the previous day.

In an insider trading activity,The officer (CEO Brazil) of Fleetcor Technologies Inc, Netto Armando Lins sold 6,200 shares at $151.89 on June 6, 2016. The Insider selling transaction had a total value worth of $941,718. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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