Shares of Cintas Corporation (NASDAQ:CTAS) Sees Large Outflow of Money

Cintas Corporation (NASDAQ:CTAS): The stock had negative money flow to the tune of ($6.05 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $11.94 million, whereas, the outflow of money on downticks was $18 million and the ratio between the two was 0.66. The block trade had a negative net money flow of ($6.65 million). On the other hand, downticks amounted to $6.65 million of the traded value, which shows distribution in the stock by traders. Cintas Corporation (NASDAQ:CTAS) closed with marginal gains of 236 cents to end the day at $95.65, an increase of 2.53% over the previous days close. The stock recorded 2.49% for the week.


In an insider trading activity, Adolph Gerald S, director of Cintas Corp, unloaded 1,000 shares at an average price of $90.21 on May 5, 2016. The total amount of the transaction was worth $90,210, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 17.7% of Cintas Corporation shares according to the proxy statements. Institutional Investors own 69.46% of Cintas Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -6.96%.

The company shares have rallied 9.33% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $95.69 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $93.63 and the 200 Day Moving Average price is recorded at $89.10. Cintas Corporation (NASDAQ:CTAS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $94.09 and $93.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.65, notching a gain of 2.53% for the day. The total traded volume was 675,031 . The stock had closed at $93.29 on the previous day.

Cintas Corporation provides products and services to businesses of all types. The Company is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, and first aid, safety and fire protection products and services. The Company has three segments: Rental Uniforms and Ancillary Products, Uniform Direct Sales, and First Aid, Safety and Fire Protection Services. The Companys Rental Uniforms and Ancillary Products segment consists of the rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels and other ancillary items. The Companys Uniform Direct Sales segment consists of the direct sale of uniforms and related items. The Companys First Aid, Safety and Fire Protection Services segment consists of first aid, safety and fire protection products and services.

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