Tech Data Corporation (NASDAQ:TECD) stock had a bullish inflow of $4.39 million worth of trades on uptick and an outflow of $3.86 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.14. The net money flow into the stock was $0.53 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. An inflow of $0.7 million block trade was recorded on downticks. $0.7 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 1.01 in favor of the bulls. However, Tech Data Corporation (NASDAQ:TECD) stock traded down $0.07 , and reached $69.65, a drop of -0.1% over the previous day. On a weekly basis, the stock is -8.14%, over the previous weeks close.
In an insider trading activity, The Securities and Exchange Commission has divulged that Cano Nestor, officer (President, Europe) of Tech Data Corp, had unloaded 5,498 shares at an average price of $76.95 in a transaction dated on March 31, 2016. The total value of the transaction was worth $423,071. Currently the company Insiders own 1.8% of Tech Data Corporation shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -8.21%.
The company shares have rallied 21.46% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $83.51 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $74.10 and the 200 Day Moving Average price is recorded at $70.28. Tech Data Corporation (NASDAQ:TECD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.79 and $69.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.94, notching a gain of 0.32% for the day. The total traded volume was 546,795 . The stock had closed at $69.72 on the previous day.
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing customers with logistics capabilities and services. Its customers include approximately 115,000 value-added resellers (VARs), direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in more than 100 countries throughout North America, South America, Europe, the Middle East and Africa. The Company is managed in two geographic segments: the Americas and Europe. In addition to a range of product offerings, the Company provides resellers training and technical support, suite of electronic commerce tools (including Internet order entry and electronic data interchange (EDI) services), customized shipping documents, product configuration or integration services and access to financing programs.