Shares of Qlik Technologies (NASDAQ:QLIK) Sees Large Outflow of Money

Qlik Technologies (NASDAQ:QLIK) : Net money flow in Qlik Technologies (NASDAQ:QLIK) was negative ($6.07 million) and the inflow of money on uptick was $6.32 million, whereas, the outflow of money on downticks amounted to $12.39 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.51. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $1.24 million. On the other hand, the total value of block trades done on downticks was $7.03 million. The ratio of uptick to downtick block trades was 0.18. The money flow in block trades was negative ($5.79). Qlik Technologies (NASDAQ:QLIK) gained $0.08 cent during the day and reached $29.35, a gain of 0.27% over the previous day.


In an insider trading activity, The Securities and Exchange Commission has divulged that Lofton Deborah C, officer (VP and General Counsel) of Qlik Technologies Inc, had unloaded 3,029 shares at an average price of $30.11 in a transaction dated on June 6, 2016. The total value of the transaction was worth $91,203. Currently the company Insiders own 2.6% of Qlik Technologies shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -33.33% . During last six month period, the net percent change held by insiders has seen a change of -33.33%.

The company shares have dropped -16.70% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $42.18 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $30.29 and the 200 Day Moving Average price is recorded at $27.78. Qlik Technologies (NASDAQ:QLIK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.36 and $29.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.37, notching a gain of 0.34% for the day. The total traded volume was 2,110,289 . The stock had closed at $29.27 on the previous day.

Qlik Technologies Inc. is a provider of user-driven, business intelligence (BI) solutions. The Company is engaged in the development, commercialization and implementation of software products and related services. The Companys core solution for guided analytics is QlikView, which allows people create and share insights and analysis in groups and across organizations. The Companys QlikView Desktop is a Windows application that enables the user to load data from disparate sources. QlikView Expressor provides a graphical studio for designing and managing data integration for QlikView apps. QlikView NPrinting is a report generation, distribution and scheduling application for QlikView. Qlik Sense is self-service data visualization and analysis application. Qlik Sense Desktop allows users to connect to any underlying data source, load data, build user interfaces and conduct interactive analyses of their data.

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