Splunk (SPLK) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $2.41 million worth of transactions were on upticks, whereas, the downticks accounted for $2.08 million worth of transactions. The net money flow was a positive $0.34 million and the uptick to downtick ratio was 1.16. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 0.78 in their favor. The net money flow into the stock was $-0.16 million. The value of block trades done on downticks was only $0.73 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.57 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Splunk (SPLK) was trading at $57.1, down $0.26 during day. The stock slid -0.46% over the previous days close. For the week, the stock recorded 0.83% over the previous weeks close.
The company Insiders own 3% of Splunk shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -17.96% . Institutional Investors own 98.85% of Splunk shares. During last six month period, the net percent change held by insiders has seen a change of -14.77%. In an insider trading activity,The Officer (Svp, General Counsel & Sec.) of SPLUNK INC, Stein Leonard R sold 7,997 shares at $60 on June 23, 2016. The Insider selling transaction had a total value worth of $479,820. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Shares of Splunk, Inc. rose by 9.77% in the last five trading days and 5.08% for the last 4 weeks. Splunk, Inc. is up 23.46% in the last 3-month period. Year-to-Date the stock performance stands at 0.32%.
Splunk (NASDAQ:SPLK): stock turned positive on Tuesday. Though the stock opened at $56.95, the bulls momentum made the stock top out at $59.16 level for the day. The stock recorded a low of $56.69 and closed the trading day at $59, in the green by 2.86%. The total traded volume for the day was 1,758,553. The stock had closed at $57.36 in the previous days trading.
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.