Large Outflow of Money Witnessed in Tesla Motors

Tesla Motors (NASDAQ:TSLA) had an volatile session and gained 0.55 points till last call. The price was at $219.34, gaining 0.25% till the last intraday data. The total uptick value was $220.8 million while the total downtick value was $227.3 million. The shares saw a net money flow of $(-6.5) million and the up/down ratio stood at 0.97. The stock has seen a change of of 0.16% for the week. The share had a block transaction during the course of trading in which the net money flow was $(11.71) million. Almost $11.71 million were received in upticks and approximately $0 million were lost in downticks, thereby giving the up/down ratio of 0.


Currently the company Insiders own 27.7% of Tesla Motors shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.55% . Institutional Investors own 66.6% of Tesla Motors shares. During last six month period, the net percent change held by insiders has seen a change of -7.54%. On the companys insider trading activities, Field John Douglas, officer (VP, Engineering) of Tesla Motors Inc, unloaded 1,000 shares at an average price of $230.75 on June 7, 2016. The total amount of the transaction was worth $230,750, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Tesla Motors (NASDAQ:TSLA) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.92 points or 0.42% at $217.87 with 4,193,022 shares getting traded. Post opening the session at $219.5, the shares hit an intraday low of $217.66 and an intraday high of $225.77 and the price was in this range throughout the day. The company has a market cap of $29,183 million and the number of outstanding shares have been calculated to be 133,944,622 shares. The 52-week high of Tesla Motors (NASDAQ:TSLA) is $286.65 and the 52-week low is $141.05.

Many analysts have stated their opinion on the company shares. Piper Jaffray initiates coverage on Tesla Motors (NASDAQ:TSLA). Piper Jaffray has a Neutral rating on the shares. As per the latest report, the brokerage house announces the price target to $223 per share. The rating by the firm was issued on June 9, 2016.

Tesla Motors, Inc. is a United States-based company, which designs, develops, manufactures and sells electric vehicles, electric vehicle powertrain components and stationary energy storage systems. The Company sells and produces a vehicle under the name Model S, which is a fully electric, four-door, five-adult passenger sedan. In addition to developing its own vehicles, it develops, sells, and services full electric powertrain systems and components to other automobile manufacturers. It also produces and sells stationary energy storage products for use in homes, commercial sites and utilities. The applications for these battery systems include backup power, peak demand reduction, demand response and wholesale electric market services. It sells its vehicles through its own sales and service network. The Company also offers the Model X electric car, Supercharger charging stations and Powerwall, a home battery.

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