Tech Data Corporation (TECD) : Fridays money flow data in Tech Data Corporation (TECD) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $5.09 million, whereas, $4.21 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.21, in favor of the bulls. The total money flow into the stock was $0.88 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $0 million. The total value of block trades done on upticks was $0 million. Tech Data Corporation (TECD) fell $0.08 and traded at $73.26, down -0.11% for the day, over previous days close. On a weekly basis, the shares are 0.87% over the previous weeks close.
The company Insiders own 1.8% of Tech Data Corporation shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -10.67%.
In a related news,The officer (President, Europe) of Tech Data Corp, Cano Nestor sold 5,498 shares at $76.95 on March 31, 2016. The Insider selling transaction had a total value worth of $423,071. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Tech Data Corporation (NASDAQ:TECD): stock was range-bound between the intraday low of $72.355 and the intraday high of $74.04 after having opened at $73.55 on Fridays session. The stock finally closed in the red at $73.55, a loss of -0.01%. The stock remained in the red for the whole trading day. The total traded volume was 390,573 shares. The stock failed to cross $74.04 in Fridays trading. The stocks closing price on Thursday was $73.34.
Tech Data Corporation (TECD) has been under a strong bear grip, hence the stock is down -5.87% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.46% in the past 1 week. The stock has risen by 0.96% in the past week indicating that the buyers are active at lower levels, but the stock is down -6% in the past 4 weeks.
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing customers with logistics capabilities and services. Its customers include approximately 115,000 value-added resellers (VARs), direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in more than 100 countries throughout North America, South America, Europe, the Middle East and Africa. The Company is managed in two geographic segments: the Americas and Europe. In addition to a range of product offerings, the Company provides resellers training and technical support, suite of electronic commerce tools (including Internet order entry and electronic data interchange (EDI) services), customized shipping documents, product configuration or integration services and access to financing programs.