Large Inflow of Money Witnessed in Luxoft Holding

Luxoft Holding (NYSE:LXFT) : On Wednesday, The money flowed into the Luxoft Holding (NYSE:LXFT) stock with an uptick to downtick ratio was recorded at 1.49. Transactions worth $1.7 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $1.15 million. The total money flow into the stock was $0.56 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.01 million of block transactions on upticks. The total money flow in block trades was $0.01 million. In terms of price action, Luxoft Holding (NYSE:LXFT) traded down $0.01 during the session at $53.02. Compared to the previous days closing, the stock was down only by -0.02%. For the week, the stock is -3.86%, over previous weeks closing.


Institutional Investors own 54.1% of Luxoft Holding shares.

The company shares have dropped -9.18% from its 1 Year high price. On Dec 8, 2015, the shares registered one year high at $80.64 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $60.25 and the 200 Day Moving Average price is recorded at $61.13. Luxoft Holding (NYSE:LXFT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.04 and $52.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.09, notching a gain of 0.11% for the day. The total traded volume was 408,938 . The stock had closed at $53.03 on the previous day.

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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