Large Inflow of Money Witnessed in Verifone Systems

Verifone Systems (NYSE:PAY): $0.26 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.18. The value of trades done on upticks was $1.72 million, whereas, trades done on downticks were valued at $1.46 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.47 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0.47 million. Verifone Systems (NYSE:PAY) fell $0.07 traded at $17.26, a change of -0.4% over the previous day. The stock is -4.75% for the week.


In an insider trading activity, Bhanot Alok, officer (EVP, Engineering & CTO) of Verifone Systems, Inc., unloaded 994 shares at an average price of $28.74 on December 29, 2015. The total amount of the transaction was worth $28,568, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.2% of Verifone Systems shares according to the proxy statements. Institutional Investors own 97.59% of Verifone Systems shares.

The company shares have dropped -49.21% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $34.52 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $23.38 and the 200 Day Moving Average price is recorded at $25.38. Verifone Systems (NYSE:PAY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.50 and $17.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.90, notching a gain of 3.29% for the day. The total traded volume was 3,248,415 . The stock had closed at $17.33 on the previous day.

VeriFone Systems, Inc. (VeriFone), formerly VeriFone Holdings, Inc. is a holding company of VeriFone, Inc. The Company is engaged in the secure electronic payment solutions. Its system solutions consist of point of sale (POS) electronic payment devices that run its and third-party operating systems, security and encryption software, and certified payment software, as well as other third-party value-added applications. Its system solutions process a range of payment types. The Companys electronic payment systems are available in several modular configurations, offering its support to a range of connectivity options. The Company also offers customers technical support for installed payment systems, consulting services, and project management services for system deployment, and customization of integrated software solutions. It provides solutions, and services for the financial services, retail, petroleum, restaurant, hospitality, taxi, transportation, and healthcare markets.

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