Large Inflow of Money Witnessed in PRA Group

PRA Group (NASDAQ:PRAA) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $0.2 million worth of transactions were on upticks, whereas, the downticks accounted for $0.11 million worth of transactions. The net money flow was a positive $0.09 million and the uptick to downtick ratio was 1.77. The net money flow into the stock was $0.01 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.01 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. PRA Group (NASDAQ:PRAA) was trading at $23.34, down $0.02 during day. The stock slid -0.09% over the previous days close. For the week, the stock recorded -7.53% over the previous weeks close.


In an insider trading activity, Olsen Geir, director of Pra Group Inc, executed a transaction worth $675,750 on May 17, 2016. A total of 25,000 shares were purchased at an average price of $27.03. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 1.7% of PRA Group shares according to the proxy statements.

The company shares have dropped -63.14% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $64.82 and the one year low was seen on Feb 26, 2016. The 50-Day Moving Average price is $25.66 and the 200 Day Moving Average price is recorded at $29.25. PRA Group (NASDAQ:PRAA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.64 and $23.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.00, notching a gain of 2.74% for the day. The total traded volume was 640,346 . The stock had closed at $23.36 on the previous day.

PRA Group Inc. (PRA Group) formerly Portfolio Recovery Associates Inc. and its subsidiaries is a financial and business service company. The Companys primary business is the purchase collection and management of portfolios of defaulted consumer receivables. These are the unpaid obligations of individuals to credit originators which include banks credit unions consumer and auto finance companies and retail merchants. The Company also provides feebased services including vehicle location skip tracing and collateral recovery services for auto lenders Governments and law enforcement through PRA Location Services LLC (PLS) revenue administration audit and debt discovery or recovery services for local Government entities through PRA Government Services LLC and MuniServices LLC (PGS) and class action claims recovery services and related payment processing through Claims Compensation Bureau LLC (CCB).

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