Large Inflow of Money Detected in Luxoft Holding

Luxoft Holding (LXFT) : $6.5 million worth of transactions were on upticks in Luxoft Holding (LXFT), compared to $2.62 million on downticks. The ratio between the two was 2.48, whereas, the net money flow stood at a healthy $3.88 million on Tuesdays session. The consistent buying on upticks in the stock accounted for $3.79million worth of trades. The total money flow into the stock stood at $3.79 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.51%. The stock was trading at $50.74, with a drop of $0.26 over the previous days close. The stock recorded 0.06% for the week.


Also, Brokerage firm UBS downgrades its rating on Luxoft Holding (NYSE:LXFT). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 16, 2016.

Luxoft Holding, Inc. has lost 0.22% in the last five trading days and dropped 14.97% in the last 4 weeks. Luxoft Holding, Inc. has dropped 21.64% during the last 3-month period . Year-to-Date the stock performance stands at -34.15%.

Luxoft Holding (NYSE:LXFT): The stock opened at $51.23 on Tuesday but the bulls could not build on the opening and the stock topped out at $51.23 for the day. The stock traded down to $50.50 during the day, due to lack of any buying support eventually closed down at $50.79 with a loss of -0.41% for the day. The stock had closed at $51.00 on the previous day. The total traded volume was 310,093 shares.

Luxoft Holding, Inc. is a provider of software development services and information technology (IT) solutions. The Companys software development services consist of custom software development and support, product engineering and testing and technology consulting. The Companys services ranges from handling standard outsourcing client-directed engagements to managed delivery and transformational engagements. The Companys products include Horizon, SuperCloud, Twister and iStockTrack. The Company focuses on six industry verticals: financial services, automotive and transport, telecommunications (telecom), travel and aviation, technology and energy. The Company serves multinational corporations primarily in Western Europe and North America that rely on its IT solutions and software development capabilities for many of their mission critical systems.

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