Large Inflow of Money Witnessed in New Relic

New Relic (NYSE:NEWR) : Wednesdays money flow indicated an uptick to downtick ratio was at 1.28. The total value of inflow transactions on upticks was $0.56 million, whereas, the total value of outflow trades on downticks was $0.44 million. The total money flow was $0.12 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0.01 million. The total value of the trades done on upticks was $0.01 million. New Relic (NYSE:NEWR) was trading with a -0.35% change over previous days close. It fell $0.1 during the day and reached $28.39. The stock was -5.81% compared to the previous weeks close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Sachleben Mark, officer (Chief Financial Officer) of New Relic, Inc., had unloaded 4,870 shares at an average price of $29.66 in a transaction dated on June 20, 2016. The total value of the transaction was worth $144,444. Currently the company Insiders own 58.8% of New Relic shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.62% . Institutional Investors own 55.98% of New Relic shares. During last six month period, the net percent change held by insiders has seen a change of -14.95%.

The company shares have dropped -21.39% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $40.13 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $29.04 and the 200 Day Moving Average price is recorded at $28.38. New Relic (NYSE:NEWR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.85 and $28.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.40, notching a gain of 3.19% for the day. The total traded volume was 303,480 . The stock had closed at $28.49 on the previous day.

New Relic, Inc. (New Relic) is a provider of enterprise software. The Companys cloud-based platform and range of products enables organizations to collect, store and analyze software data in real time. The Companys Software Analytics solution consists of an integrated suite of products, a data database and an open platform. Its products for technology users focus on software performance management and monitoring. New Relic offers an integrated suite of seven products, namely, New Relic APM, for application performance management; New Relic Mobile, mobile application performance management; New Relic Servers, for server monitoring for cloud and data centers; New Relic Browser, for end user experience monitoring and performance monitoring; New Relic Synthetics, for software testing through simulated usage; New Relic Plugins, plugins to extend its functionality into other applications, and New Relic Insights, for real-time big data analytics for business managers.

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