Shares of Flextronics International Ltd. (FLEX) Sees Large Inflow of Net Money Flow

Flextronics International Ltd. (FLEX) : Wednesdays money flow data in Flextronics International Ltd. (FLEX) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $6.05 million, whereas, $3.76 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.61, in favor of the bulls. The total money flow into the stock was $2.29 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $1.88 million. The total value of block trades done on upticks was $1.88 million. Flextronics International Ltd. (FLEX) fell $0.09 and traded at $13.6, down -0.66% for the day, over previous days close. On a weekly basis, the shares are 0.22% over the previous weeks close.

Flextronics

Shares of Flextronics International Ltd. rose by 1.12% in the last five trading days and 3.9% for the last 4 weeks. Flextronics International Ltd. is up 14.48% in the last 3-month period. Year-to-Date the stock performance stands at 21.32%.

Flextronics International Ltd. (FLEX) : 7 analysts are covering Flextronics International Ltd. (FLEX) and their average rating on the stock is 1.43, which is read as a Strong 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. Flextronics International Ltd. (FLEX) also receives 1 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 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Flextronics International Ltd. (NASDAQ:FLEX): stock was range-bound between the intraday low of $13.39 and the intraday high of $13.81 after having opened at $13.73 on Wednesdays session. The stock finally closed in the red at $13.73, a loss of -0.66%. The stock remained in the red for the whole trading day. The total traded volume was 3,376,505 shares. The stock failed to cross $13.81 in Wednesdays trading. The stocks closing price on Thursday was $13.69.

Flextronics International Ltd. (Flextronics) is a Singapore-based provider of global supply chain solutions. The Company designs, builds, ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The Company offers a range of design and engineering services that relate to manufacturing (including enclosures, metals, plastic injection molding, precision plastics, machining, and mechanicals), system integration and assembly and test services, materials procurement, inventory management, logistics and after-sales services (including product repair, warranty services, re-manufacturing and maintenance), supply chain management software solutions and component product offerings (including rigid and flexible printed circuit boards and power adapters and chargers).

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