Shares of Caseys General Stores (NASDAQ:CASY) Sees Large Outflow of Money

Caseys General Stores (NASDAQ:CASY) : The value of composite uptick trades was $2.84 million, whereas, the value of composite downtick trades was $4.38 million. The uptick to downtick ratio stood at 0.65 with a negative money flow of ($1.54) Million during Wednesdays trading session. The block trades money flow was negative ($2.57 million). The transaction of the trades on downticks amounted to $2.57 million, which confirms investors selling on the strength of price. Caseys General Stores (NASDAQ:CASY) gained 485 cents at $128.89, an increase of 3.91% over the previous days close.


In an insider trading activity, The director, of Caseys General Stores Inc, Lamberti Jeffrey M had unloaded 8,400 shares at $118.21 per share in a transaction on June 22, 2016. The total value of transaction was $992,964. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.3% of Caseys General Stores shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.97% . Institutional Investors own 82.65% of Caseys General Stores shares. During last six month period, the net percent change held by insiders has seen a change of -6.06%.

The company shares have rallied 28.18% from its 1 Year high price. On Dec 15, 2015, the shares registered one year high at $129.53 and the one year low was seen on Jul 6, 2015. The 50-Day Moving Average price is $118.96 and the 200 Day Moving Average price is recorded at $114.66. Caseys General Stores (NASDAQ:CASY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $127.83 and $125.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $130.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $128.57, notching a gain of 3.65% for the day. The total traded volume was 807,506 . The stock had closed at $124.04 on the previous day.

Caseys General Stores, Inc. and its wholly owned subsidiaries operate convenience stores under the name Caseys General Store in 14 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates one store selling primarily tobacco products. The stores carry food, including freshly prepared foods, such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items. As of April 30, 2015, the Company operated 1,878 stores. The Company operates a central warehouse, Caseys Distribution Center in Ankeny, Iowa, through which it supplies grocery and general merchandise items to its stores. The Companys subsidiary Caseys Retail Company operates stores in Illinois, Kansas, Minnesota, Nebraska, North Dakota and South Dakota. Its subsidiary Caseys Marketing Company owns and has responsibility for the operation of stores in Arkansas, Indiana, Iowa, Kentucky, Missouri, Oklahoma, Tennessee and Wisconsin.

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