Large Outflow of Money Witnessed in The NASDAQ OMX Group

The NASDAQ OMX Group (NDAQ) : Money flow in the The NASDAQ OMX Group (NDAQ) stock was negative (0.4 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 $0.07 million, compared to $0.48 million on downticks. The total uptick to downtick ratio was 0.16, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0 million, indicating persistent selling. The NASDAQ OMX Group (NDAQ) traded $0.05 higher at $67.42 gaining 0.07% over the previous days close.


The NASDAQ OMX Group (NDAQ) : 11 investment research analysts covering The NASDAQ OMX Group (NDAQ) have an average price target of $70.82 for the near short term. The highest target price given by the Brokerage Firm to the stock is $76 and the lowest target is $58 for the short term. Analysts expect the variance to be within $5.15 of the average price.

The NASDAQ OMX Group (NASDAQ:NDAQ): stock turned positive on Friday. Though the stock opened at $67.32, the bulls momentum made the stock top out at $67.93 level for the day. The stock recorded a low of $67.22 and closed the trading day at $67.79, in the green by 0.62%. The total traded volume for the day was 534,450. The stock had closed at $67.37 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Wittman Thomas A, officer (Executive Vice President) of Nasdaq, Inc., had unloaded 24,893 shares at an average price of $67.08 in a transaction dated on July 13, 2016. The total value of the transaction was worth $1,669,822.

Nasdaq Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc., is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across six continents. The Company manages, operates and provides its products and services in four segments: Market Services, Listing Services, Information Services and Technology Solutions. The Companys Market Services segment includes its equity derivative trading and clearing, cash equity trading, fixed income, currency and commodities trading and clearing, and access and broker services businesses. The Company operates a range of listing platforms around the world to provide multiple global capital raising solutions for private and public companies. Its Information Services segment includes its Data Products and its Index Licensing and Services businesses. Its Technology Solutions segment includes its Corporate Solutions and Market Technology businesses.

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