Flextronics International Ltd. (FLEX) : The total money flow in Flextronics International Ltd. (FLEX) was negative ($2.67 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $8.05 million. In comparison, the inflow of money into the stock on upticks was $5.37 million. The uptick to downtick ratio was 0.67. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $3.01 million. The value of transactions on uptick was $0.9 million. The negative money flow of ($2.12 million) confirms the selling in Flextronics International Ltd. (FLEX) on strength. The uptick to downtick ratio of block trades was 0.3. Flextronics International Ltd. (FLEX) gained $0.32 at $13.03, a gain of 2.48% over the previous days close. However, the stock registered 3.95% in the week.
The stock has recorded a 20-day Moving Average of 4.45% and the 50-Day Moving Average is 4.27%. Shares have rallied 18.12% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $13.23 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.50 and the 200 Day Moving Average price is recorded at $11.55.
Flextronics International Ltd. (NASDAQ:FLEX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.87 and $12.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.96, notching a gain of 1.97% for the day. The total traded volume was 5,672,470 . The stock had closed at $12.71 on the previous day.
In an insider trading activity, Bennett David P, Officer (Chief Accounting Officer) of FLEXTRONICS INTERNATIONAL LTD., unloaded 6,250 shares at an average price of $11.89 on June 28, 2016. The total amount of the transaction was worth $74,313, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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).