Shares of Korn/Ferry International (KFY) Sees Large Outflow of Money

Korn/Ferry International (KFY) : Net money flow in Korn/Ferry International (KFY) was negative ($2.49 million) and the inflow of money on uptick was $3.24 million, whereas, the outflow of money on downticks amounted to $5.73 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.57. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $1.15 million. On the other hand, the total value of block trades done on downticks was $3.91 million. The ratio of uptick to downtick block trades was 0.29. The money flow in block trades was negative ($2.76). Korn/Ferry International (KFY) gained $0.32 cent during the day and reached $23.01, a gain of 1.41% over the previous day.


The stock has recorded a 20-day Moving Average of 6.88% and the 50-Day Moving Average is 9.81%. Shares have dropped -37.90% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $38.93 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $24.96 and the 200 Day Moving Average price is recorded at $27.84.

Korn/Ferry International (NYSE:KFY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.95 and $22.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.98, notching a gain of 1.28% for the day. The total traded volume was 1,459,759 . The stock had closed at $22.69 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Cfo of KORN FERRY INTERNATIONAL, Rozek Robert P, had purchased 1,500 shares in a transaction dated on June 28, 2016. The transaction was executed at $19.05 per share with total amount equaling $28,575.

Korn/Ferry International offers leadership and talent consulting services. The Company provides executive recruitment, leadership development, enterprise learning, succession planning and recruitment process outsourcing. Its business segments include Executive Recruitment, Leadership & Talent Consulting (LTC), and Professional Search and Recruitment Process Outsourcing (Futurestep). Its executive recruitment services are used to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers and other senior executive officers. Its strategic management assessment and executive coaching and development services are consolidated under the LTC segment. Its subsidiary, Futurestep, offers talent acquisition solutions, including recruitment process outsourcing, project recruitment, professional search, talent consulting and talent communications. It operates in around 37 countries.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.