Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) Sees Large Outflow of Money

Check Point Software Technologies Ltd. (NASDAQ:CHKP) : Wednesdays money flow analysis of Check Point Software Technologies Ltd. (NASDAQ:CHKP) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $50.96 million. In comparison, the inflow of money on upticks was a meager $36.98 million. The dollar value of composite uptick trades minus the downtick trades was negative $13.98 million. The uptick to downtick ratio of 0.73 in the money flow shows weakness. The uptick block trades were valued at $2.73 million. The downtick transaction value was high at $14.65 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.19. Hence, the net money flow in the stock was negative ($11.93 million). Check Point Software Technologies Ltd. (NASDAQ:CHKP) gained $0.59 at $77.99, a change of 0.76% over the previous days close.


Currently the company Insiders own 29% of Check Point Software Technologies Ltd. shares according to the proxy statements. Institutional Investors own 76.34% of Check Point Software Technologies Ltd. shares.

The company shares have dropped -3.50% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $89.98 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $83.06 and the 200 Day Moving Average price is recorded at $82.24. Check Point Software Technologies Ltd. (NASDAQ:CHKP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.88 and $76.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.99, notching a gain of 0.76% for the day. The total traded volume was 2,807,858 . The stock had closed at $77.40 on the previous day.

Check Point Software Technologies Ltd (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. The Checkpoints Software Blade architecture offers enterprises a common platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis, or multi-domain management. The Company offers these software blades grouped into functional packages to address specific security issues. Software-defined Protection (SDP) is a security architecture that is designed to protect against unknown threats.

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