Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) Sees Large Outflow of Money

The Cheesecake Factory Incorporated (NASDAQ:CAKE) : The total negative money flow of $6.48 million on Wednesday indicates selling on strength. The inflow of money on upticks was $8.87 million, compared to $15.34 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.58. The negative money flow of $7.89 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $7.89 million. The price action in the The Cheesecake Factory Incorporated (NASDAQ:CAKE) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $48.01 with a gain of $0.96 , a change of 2.04% over the previous days close. The stock registered -1.96% for the week.


In an insider trading activity,The officer (President (Subsidiary)) of Cheesecake Factory Inc, Byfuglin Max S sold 14,000 shares at $49.93 on May 27, 2016. The Insider selling transaction had a total value worth of $699,020. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 8.5% of The Cheesecake Factory Incorporated shares according to the proxy statements. Institutional Investors own 89.76% of The Cheesecake Factory Incorporated shares.

The company shares have dropped -12.38% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $58.86 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $49.66 and the 200 Day Moving Average price is recorded at $49.67. The Cheesecake Factory Incorporated (NASDAQ:CAKE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.59 and $47.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.01, notching a gain of 2.04% for the day. The total traded volume was 1,099,580 . The stock had closed at $47.05 on the previous day.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 189 Company-owned restaurants: 177 under The Cheesecake Factory mark, 11 under the Grand Lux Cafe mark and one under the RockSugar Pan Asian Kitchen mark. It also operates two bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers. The Company sells baked goods internationally under both The Cheesecake Factory and The Dream Factory brands in 24 countries, including to licensed The Cheesecake Factory restaurants. Items produced for outside accounts are marketed under The Cheesecake Factory brand, The Dream Factory brand, The Cheesecake Factory Bakery brand and other private labels.

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