Shares of Netsuite Inc (N) Sees Large Outflow of Money

Netsuite Inc (N) : The value of composite uptick trades was $0.58 million, whereas, the value of composite downtick trades was $1.44 million. The uptick to downtick ratio stood at 0.41 with a negative money flow of ($0.86) Million during Thursdays trading session. The block trades money flow was negative ($1.22 million). The transaction of the trades on downticks amounted to $1.22 million, which confirms investors selling on the strength of price. Netsuite Inc (N) gained 42 cents at $80.9, an increase of 0.52% over the previous days close.


The stock has recorded a 20-day Moving Average of 6.12% and the 50-Day Moving Average is 3.03%. Shares have dropped -18.60% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $102.46 and the one year low was seen on Feb 16, 2016. The 50-Day Moving Average price is $77.65 and the 200 Day Moving Average price is recorded at $71.72.

Netsuite Inc (NYSE:N): The stock opened at $80.35 on Thursday but the bulls could not build on the opening and the stock topped out at $81.17 for the day. The stock traded down to $79.31 during the day, due to lack of any buying support eventually closed down at $80.11 with a loss of -0.46% for the day. The stock had closed at $80.48 on the previous day. The total traded volume was 658,400 shares.

In an insider trading activity, Skinner Ned, director of South Dakota Soybean Processors Llc, executed a transaction worth $66,600 on July 1, 2016. A total of 18,500 shares were purchased at an average price of $3.6. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

NetSuite Inc. (NetSuite) is a provider of cloud-based financials, enterprise resource planning (ERP) and omnichannel commerce software suites. The Companys offerings include NetSuite, NetSuite OneWorld, NetSuite CRM+, NetSuite OpenAir PSA, SuiteCommerce, NetSuite POS, TribeHR, LightCMS, Add-On Modules, NetSuite Industry Editions and SuiteCloud Platform. Its main offering is NetSuite, which provides core business management capabilities. NetSuite, OneWorld and NetSuite CRM+ are designed for use by most types of businesses. NetSuite OpenAir (OpenAir) PSA is for professional services businesses. SuiteCommerce enables businesses to move from standalone transactional channels to an integrated commerce solution. NetSuite POS is a point-of-sale solution. TribeHR is a HCM solution. LightCMS is a Web-based software platform. SuiteCloud is the Companys technology platform. It delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.

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