Shares of Brightcove (NASDAQ:BCOV) Sees Large Outflow of Money

Shares of Brightcove (NASDAQ:BCOV) advanced to $8.2. The price had gained 2.37% or 0.19 points intraday. The latest trading session witnessed $1.99 million in upticks and $5.46 million in downticks, resulting in net money flow of (-3.47) million. The up/down ratio for the day stood at 0.36. On a weekly scale, the price has seen a change of 4.19%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-3.59) million occurred during the day. $1.33 million in uptick and $4.92 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.27.


The stock has recorded a 20-day Moving Average of 15.77% and the 50-Day Moving Average is 25.57%. The company shares have rallied 8.54% in the past 52 Weeks. On June 16, 2016 The shares registered one year high of $8.18 and one year low was seen on February 11, 2016 at $4.7. The 50-day moving average is $6.64 and the 200 day moving average is recorded at $6.17. S&P 500 has rallied 1.93% during the last 52-weeks.

Brightcove (NASDAQ:BCOV): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.80 and $7.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.16, notching a gain of 1.87% for the day. The total traded volume was 1,185,921 . The stock had closed at $8.01 on the previous day.

Currently the company Insiders own 12.7% of Brightcove shares according to the proxy statements. Institutional Investors own 62.62% of Brightcove shares. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Allaire Jeremy, director of Brightcove Inc, had unloaded 40,000 shares at an average price of $7.18 in a transaction dated on May 20, 2015. The total value of the transaction was worth $287,200.

Brightcove Inc. (Brightcove) is a provider of cloud-based services for video. The Companys flagship product Brightcove Video Cloud (or) Video Cloud is the online video platform which enables its customers to publish and distribute video to Internet-connected devices. Its other products and services include Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Gallery (Gallery), Brightcove Perform (Perform) and Brightcove Video Marketing Suite (Video Marketing Suite). Zencoder is a cloud-based video encoding service. Once is a cloud-based ad insertion and video stitching service. Gallery is a cloud-based service that enables customers to create and publish video portals. Perform is a cloud-based service for creating and managing video player experiences. Video Marketing Suite is a suite of video technologies. It provides its solutions to media companies, broadcasters, brands and corporations, as well as Governments, educational institutions and non-profit organizations.

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