Shares of Finisar Corporation (FNSR) Sees Large Outflow of Money

Finisar Corporation (FNSR) : The total money flow in Finisar Corporation (FNSR) was negative ($1.68 million), which signals selling by the traders on Mondays session. They trimmed their holdings by selling the stock on downticks to the tune of $2.32 million. In comparison, the inflow of money into the stock on upticks was $0.64 million. The uptick to downtick ratio was 0.28. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.88 million. The negative money flow of ($1.88 million) confirms the selling in Finisar Corporation (FNSR) on strength. Finisar Corporation (FNSR) gained $0.18 at $19.88, a gain of 0.91% over the previous days close. However, the stock registered 1.79% in the week.


Shares of Finisar Corp. rose by 3.52% in the last five trading days and 9.2% for the last 4 weeks. Finisar Corp. is up 28.83% in the last 3-month period. Year-to-Date the stock performance stands at 39.55%.

Finisar Corporation (NASDAQ:FNSR): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.71 and $19.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.29, notching a gain of 2.99% for the day. The total traded volume was 1,541,052 . The stock had closed at $19.70 on the previous day.

In a related news,The officer (EVP Global Operations) of Finisar Corp, Young Joseph A sold 6,473 shares at $19.9 on August 9, 2016. The Insider selling transaction had a total value worth of $128,813. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Companys optical subsystems consist of transmitters, receivers, transceivers, transponders, optical engines and active optical cables that provide the fundamental optical-electrical, or optoelectronic, interface for interconnecting the electronic equipment used in communication networks, including the switches, routers and servers used in wireline networks, as well as the antennas and base stations used in wireless networks. These products rely on the use of semiconductor lasers and photodetectors in conjunction with integrated circuits and optoelectronic packaging to provide a means for transmitting and receiving digital signals over fiber optic cable at speeds ranging from less than one gigabit per second, to more than 100 gigabits per second, over distances of less than 10 meters to more than 2,000 kilometers.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.