Large Inflow of Money Witnessed in Euronet Worldwide

Euronet Worldwide (NASDAQ:EEFT) stock had a bullish inflow of $3.26 million worth of trades on uptick and an outflow of $2.85 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.14. The net money flow into the stock was $0.41 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 $0.01 million. $0.01 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Euronet Worldwide (NASDAQ:EEFT) stock traded down $0.48 , and reached $67.83, a drop of -0.7% over the previous day. On a weekly basis, the stock is -5.48%, over the previous weeks close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Euronet Worldwide Inc, Strandjord M Jeannine, had purchased 2,000 shares in a transaction dated on February 19, 2016. The transaction was executed at $66.38 per share with total amount equaling $132,760. Currently the company Insiders own 7.3% of Euronet Worldwide shares according to the proxy statements. Institutional Investors own 93.71% of Euronet Worldwide shares. During last six month period, the net percent change held by insiders has seen a change of 5.49%.

The company shares have rallied 8.84% from its 1 Year high price. On Nov 9, 2015, the shares registered one year high at $82.49 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $77.32 and the 200 Day Moving Average price is recorded at $73.46. Euronet Worldwide (NASDAQ:EEFT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.80 and $67.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.54, notching a gain of 0.34% for the day. The total traded volume was 608,223 . The stock had closed at $68.31 on the previous day.

Euronet Worldwide, Inc. (Euronet) is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. The Company operates in three segments: The EFT Processing Segment, which provides electronic payment solutions consisting of ATM cash withdrawal and deposit services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, and card issuing and merchant acquiring services; The epay Segment, which provides electronic distribution and processing of prepaid mobile airtime and other electronic payment products and collection services for various payment products, cards and services, and the Money Transfer Segment, which provides global consumer-to-consumer money transfer services under the brand names Ria and AFEX Money Express and global account-to-account money transfer services under the brand name HiFX.

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