Large Inflow of Money Witnessed in Datalink Corporation

Datalink Corporation (NASDAQ:DTLK) : Wednesdays money flow indicated an uptick to downtick ratio was at 3.76. The total value of inflow transactions on upticks was $0.32 million, whereas, the total value of outflow trades on downticks was $0.08 million. The total money flow was $0.23 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0.23 million. The total value of the trades done on upticks was $0.23 million. Datalink Corporation (NASDAQ:DTLK) was trading with a -0.13% change over previous days close. It fell $0.01 during the day and reached $7.49. The stock was -5.19% compared to the previous weeks close.


In an insider trading activity,The director of Datalink Corp, Meland Greg R sold 48,124 shares at $8.1 on June 1, 2016. The Insider selling transaction had a total value worth of $389,804. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 11.9% of Datalink Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -21.14% . Institutional Investors own 68.08% of Datalink Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -21.14%.

The company shares have dropped -11.56% from its 1 Year high price. On Apr 13, 2016, the shares registered one year high at $9.45 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $8.06 and the 200 Day Moving Average price is recorded at $7.72. Datalink Corporation (NASDAQ:DTLK): The stock opened at $7.58 on Wednesday but the bulls could not build on the opening and the stock topped out at $7.68 for the day. The stock traded down to $7.46 during the day, due to lack of any buying support eventually closed down at $7.48 with a loss of -0.27% for the day. The stock had closed at $7.50 on the previous day. The total traded volume was 99,048 shares.

Datalink Corporation is engaged in accessing, designing, deploying, managing and supporting infrastructures, such as servers, storage and networks. The Company provides solutions and services to data centers for changing business needs. It leverages hardware and software from original equipment manufacturers (OEMs) as part of its data center optimization offerings. The Companys portfolio of solutions and services spans four practices: consolidation and virtualization, data storage and protection, advanced network infrastructures and business continuity and disaster recovery solutions. The Company offers a suite of consulting, analysis, design, implementation, management and support services. The Companys physical laboratory enables customers to participate in physical demonstrations of a range of technologies, including site-to-site replication, data recovery, wide area network (WAN) optimization, de-duplication and virtual data center architectures.

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