Shares of Netsuite Inc (NYSE:N) Sees Large Outflow of Money

Shares of Netsuite Inc (NYSE:N) advanced to $79.16. The price had gained 0.16% or 0.13 points intraday. The latest trading session witnessed $1.97 million in upticks and $5.72 million in downticks, resulting in net money flow of (-3.75) million. The up/down ratio for the day stood at 0.34. On a weekly scale, the price has seen a change of 1.42%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-3.16) million occurred during the day. $0 million in uptick and $3.16 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


The stock has recorded a 20-day Moving Average of 2.71% and the 50-Day Moving Average is 0.51%. The company shares have dropped 18.37% in the past 52 Weeks. On July 24, 2015 The shares registered one year high of $102.46 and one year low was seen on February 16, 2016 at $51.75. The 50-day moving average is $79.24 and the 200 day moving average is recorded at $72.71. S&P 500 has rallied 1.93% during the last 52-weeks.

Netsuite Inc (NYSE:N): The stock opened at $79.52 on Tuesday but the bulls could not build on the opening and the stock topped out at $79.73 for the day. The stock traded down to $78.04 during the day, due to lack of any buying support eventually closed down at $78.25 with a loss of -0.99% for the day. The stock had closed at $79.03 on the previous day. The total traded volume was 568,147 shares.

Currently the company Insiders own 5.6% of Netsuite Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.59% . Institutional Investors own 58.64% of Netsuite Inc shares. During last six month period, the net percent change held by insiders has seen a change of 36.71%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (CTO & Chairman of the Board) of Netsuite Inc, Goldberg Evan had sold 20,000 shares worth of $1,578,000 in a transaction dated June 15, 2016. In this transaction, 20,000 shares were sold at $78.9 per share.

NetSuite Inc. (NetSuite) is a provider of cloud-based financials, enterprise resource planning (ERP) and omnichannel commerce software suites. The Companys offerings include NetSuite, NetSuite OneWorld, NetSuite CRM+, NetSuite OpenAir PSA, SuiteCommerce, NetSuite POS, TribeHR, LightCMS, Add-On Modules, NetSuite Industry Editions and SuiteCloud Platform. Its main offering is NetSuite, which provides core business management capabilities. NetSuite, OneWorld and NetSuite CRM+ are designed for use by most types of businesses. NetSuite OpenAir (OpenAir) PSA is for professional services businesses. SuiteCommerce enables businesses to move from standalone transactional channels to an integrated commerce solution. NetSuite POS is a point-of-sale solution. TribeHR is a HCM solution. LightCMS is a Web-based software platform. SuiteCloud is the Companys technology platform. It delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.

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