Shares of Splunk (SPLK) Sees Large Inflow of Net Money Flow

Splunk (SPLK) : Wednesdays money flow indicated an uptick to downtick ratio was at 5.74. The total value of inflow transactions on upticks was $1.24 million, whereas, the total value of outflow trades on downticks was $0.22 million. The total money flow was $1.03 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $1.12 million. The total value of the trades done on upticks was $1.12 million. Splunk (SPLK) was trading with a -0.24% change over previous days close. It fell $0.14 during the day and reached $58.56. The stock was 0.71% compared to the previous weeks close.


Splunk, Inc. has lost 0.32% in the last five trading days and dropped 1.22% in the last 4 weeks. Splunk, Inc. is up 6.71% in the last 3-month period. Year-to-Date the stock performance stands at 0.36%.

Splunk (SPLK) : 26 analysts are covering Splunk (SPLK) and their average rating on the stock is 1.38, which is read as a Strong Buy. 20 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. Splunk (SPLK) also receives 2 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 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Splunk (NASDAQ:SPLK): The stock opened at $58.85 and touched an intraday high of $59.08 on Wednesday. During the day, the stock corrected to an intraday low of $57.71, however, the bulls stepped in and pushed the price higher to close in the green at $59.02 with a gain of 0.55% for the day. The total traded volume for the day was 1,228,639. The stock had closed at $58.7 in the previous trading session.

Splunk Inc. is a provider of software products that allow organizations to gain real-time operational intelligence by harnessing the value of their data. The Companys products allow users to collect, index, search, explore, monitor and analyze data regardless of format or source. The Companys products address diverse data sets referred to as big data and are specifically tailored for machine-generated data. The Companys flagship product is Splunk Enterprise, which is a machine data engine, consisting of collection, indexing, search, reporting, analysis, alerting, and monitoring and data management capabilities. The Companys Splunk Cloud service delivers the core functionalities of Splunk Enterprise as a cloud service. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats.

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