MarketAxess Holdings (MKTX) : Thursdays money flow analysis of MarketAxess Holdings (MKTX) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $15.25 million. In comparison, the inflow of money on upticks was a meager $11.73 million. The dollar value of composite uptick trades minus the downtick trades was negative $3.52 million. The uptick to downtick ratio of 0.77 in the money flow shows weakness. The downtick transaction value was high at $3.55 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($3.55 million). MarketAxess Holdings (MKTX) gained $0.81 at $151.51, a change of 0.54% over the previous days close.
The stock has recorded a 20-day Moving Average of 5.1% and the 50-Day Moving Average is 9.19%. Shares have rallied 49.45% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $153.62 and the one year low was seen on Oct 21, 2015. The 50-Day Moving Average price is $142.16 and the 200 Day Moving Average price is recorded at $124.55.
MarketAxess Holdings (NASDAQ:MKTX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $151.87 and $150.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $152.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $151.51, notching a gain of 0.54% for the day. The total traded volume was 319,233 . The stock had closed at $150.70 on the previous day.
In an insider trading activity,The director of Marketaxess Holdings Inc, Gomach David G sold 4,923 shares at $139.25 on May 24, 2016. The Insider selling transaction had a total value worth of $685,528. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
MarketAxess Holdings Inc. (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data analytics, compliance tools and post-trade services. The Company offers its broker-dealer clients a solution that allows them to reach institutional investor clients for the distribution and trading of bonds. The Companys trading platform provides access to global liquidity in United States high-grade corporate bonds, emerging markets and high-yield bonds, European bonds, United States agency bonds, credit derivatives and other fixed-income securities. The Companys multi-dealer trading platform allows its institutional investor clients to request bids or offers from multiple broker-dealers, and to execute trades with the broker-dealer of their choice. The Company offers various services, including Information Services, Post-Trade Services and Straight-Through Processing.