Shares of FleetCor Technologies (NYSE:FLT) Sees Large Outflow of Money

FleetCor Technologies (NYSE:FLT) : The total negative money flow of $4.2 million on Wednesday indicates selling on strength. The inflow of money on upticks was $18.43 million, compared to $22.63 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.81. The negative money flow of $7.5 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $3.07 million in a block trade.The transaction value of block trade on downtick was $10.57 million. The uptick to downtick ratio was 0.29. The price action in the FleetCor Technologies (NYSE:FLT) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $143.19 with a gain of $3.96 , a change of 2.84% over the previous days close. The stock registered 1.2% for the week.


In an insider trading activity, The officer (CEO Brazil), of Fleetcor Technologies Inc, Netto Armando Lins had unloaded 6,200 shares at $151.89 per share in a transaction on June 6, 2016. The total value of transaction was $941,718. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 4.3% of FleetCor Technologies shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -35.45% . Institutional Investors own 94.69% of FleetCor Technologies shares. During last six month period, the net percent change held by insiders has seen a change of -35.45%.

The company shares have dropped -10.74% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $164.61 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $147.26 and the 200 Day Moving Average price is recorded at $139.84. FleetCor Technologies (NYSE:FLT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $140.00 and $139.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $144.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $143.13, notching a gain of 2.80% for the day. The total traded volume was 849,260 . The stock had closed at $139.23 on the previous day.

FleetCor Technologies, Inc. is an independent global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, oil companies, petroleum marketers and Government entities in countries. The Company operates in two segments: North America and International. In North America, the Company sells a fuel card product, commercial payment and data solutions, as well as a fleet telematics offering, which allows customers to track the location of mobile workers in field-based businesses, as well as over-the-road trucking fleets. In its International segment, the Company provides small and mid-sized fleets with fuel cards to control and manage spending. Additionally, the Company provides a similar fuel product in its International segment to over-the-road trucking fleets, shipping fleets and other operators of heavily industrialized equipment.

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