Large Outflow of Money Witnessed in Sykes Enterprises Incorporated

Sykes Enterprises Incorporated (SYKE) : Money flow in the Sykes Enterprises Incorporated (SYKE) stock was negative (0.88 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $0.06 million, compared to $0.94 million on downticks. The total uptick to downtick ratio was 0.07, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.86 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0.86 million, indicating persistent selling. Sykes Enterprises Incorporated (SYKE) traded $0.01 higher at $31.03 gaining 0.03% over the previous days close.


Sykes Enterprises Incorporated (SYKE) : 3 investment research analysts covering Sykes Enterprises Incorporated (SYKE) have an average price target of $33.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $35 and the lowest target is $32 for the short term. Analysts expect the variance to be within $1.53 of the average price.

Sykes Enterprises Incorporated (NASDAQ:SYKE): stock turned positive on Friday. Though the stock opened at $30.99, the bulls momentum made the stock top out at $31.28 level for the day. The stock recorded a low of $30.81 and closed the trading day at $31.14, in the green by 0.39%. The total traded volume for the day was 149,689. The stock had closed at $31.02 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Chapman John, officer (EVP & CFO) of Sykes Enterprises Inc, had unloaded 1,300 shares at an average price of $29.6 in a transaction dated on May 12, 2016. The total value of the transaction was worth $38,480.

Sykes Enterprises, Incorporated (Sykes) is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing arena. The Company provides an array of customer contact management solutions to a range of clients, primarily in the communications, financial services, technology/consumer, leisure, healthcare and other industry verticals. It serves its clients through two geographic operating regions: the Americas (United States, Canada, Latin America, Australia and the Asia Pacific Rim) and EMEA (Europe, the Middle East and Africa). Its Americas and EMEA groups provide customer contact management services (with an emphasis on inbound technical support and customer service), which include customer assistance, healthcare and roadside assistance, technical support and product sales to its clients customers. These services are delivered through multiple communication channels, including phone, e-mail, social media, text messaging and chat.

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