Flextronics International Ltd. (NASDAQ:FLEX) : Flextronics International Ltd. (NASDAQ:FLEX) had a healthy money flow of $2.1 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $7.42 million, whereas, investors only sold shares worth $5.32 million on downticks. The stock closed the day with an up-down ratio of 1.4.The money flow in the block trades to the tune of $2.07 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $3.22 million worth of transactions were on upticks. A paltry $1.15 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 2.8. Flextronics International Ltd. (NASDAQ:FLEX) stock slid $0.01 intraday and traded at 11.84, a change of -0.08% over previous days close. However, for the week, the company shares are -4.13% compared to previous weeks close.
In an insider trading activity, Bennett David P, officer (Chief Accounting Officer) of Flextronics International Ltd., unloaded 10,800 shares at an average price of $12.85 on June 16, 2016. The total amount of the transaction was worth $138,780, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.46% of Flextronics International Ltd. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.87% . Institutional Investors own 90.74% of Flextronics International Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -1.84%.
The company shares have rallied 4.77% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $13.23 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.55 and the 200 Day Moving Average price is recorded at $11.49. Flextronics International Ltd. (NASDAQ:FLEX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.85 and $11.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.88, notching a gain of 0.25% for the day. The total traded volume was 6,786,477 . The stock had closed at $11.85 on the previous day.
Flextronics International Ltd. (Flextronics) is a Singapore-based provider of global supply chain solutions. The Company designs, builds, ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The Company offers a range of design and engineering services that relate to manufacturing (including enclosures, metals, plastic injection molding, precision plastics, machining, and mechanicals), system integration and assembly and test services, materials procurement, inventory management, logistics and after-sales services (including product repair, warranty services, re-manufacturing and maintenance), supply chain management software solutions and component product offerings (including rigid and flexible printed circuit boards and power adapters and chargers).