Large Inflow of Money Witnessed in CDW Corporation

CDW Corporation (NASDAQ:CDW) stock had a bullish inflow of $6.72 million worth of trades on uptick and an outflow of $5.47 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.23. The net money flow into the stock was $1.25 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.4 million. $0.4 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, CDW Corporation (NASDAQ:CDW) stock traded down $0.02 , and reached $39.62, a drop of -0.05% over the previous day. On a weekly basis, the stock is -0.18%, over the previous weeks close.


In an insider trading activity,The officer (VICE PRESIDENT & CONTROLLER) of Cdw Corp, Fairfield Neil B sold 2,791 shares at $40.44 on March 9, 2016. The Insider selling transaction had a total value worth of $112,868. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 2.2% of CDW Corporation shares according to the proxy statements. Institutional Investors own 85.95% of CDW Corporation shares.

The company shares have rallied 14.40% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $46.92 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $41.81 and the 200 Day Moving Average price is recorded at $40.51. CDW Corporation (NASDAQ:CDW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.75 and $39.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.72, notching a gain of 0.20% for the day. The total traded volume was 1,549,482 . The stock had closed at $39.64 on the previous day.

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada. Its offerings include mobility, security, data center optimization, cloud computing, virtualization and collaboration. The Company offers products for Corporate and Public. Corporate offerings are offered for private sector business customers. Public customers include Government agencies and education and healthcare institutions. CDW has three segments, CDW Advanced Services, Canada and Kelway TopCo Limited (Kelway). The Company is a sales channel partner for many original equipment manufacturers (OEMs) and software publishers (collectively, its vendor partners), whose products it sells or include in the solutions CDW offers. The Company helps its customer base of more than 250,000 small, medium and large business, government, education and healthcare customers by delivering solutions to their IT needs.

Leave a Reply

Get Pre-Market Alerts!

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