Shares of Virtusa Corporation (NASDAQ:VRTU) Sees Large Outflow of Money

Virtusa Corporation (NASDAQ:VRTU) During the most recent session, the shares traded at 0.19 points or 0.55% higher at $34.63. The money flow data is unimpressive with the net money flow value of $(-5.04) million. As per the intraday data, the upticks measured $1.13 million and the downticks measured $6.16 million. As a result, the up/down ratio registered a value of 0.18. The shares have seen 2.52% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $5.12 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-5.12) million.


The stock has recorded a 20-day Moving Average of 0.84% and the 50-Day Moving Average is 1.61%. The company shares have dropped 31.22% in the past 52 Weeks. On November 4, 2015 The shares registered one year high of $59.4 and one year low was seen on May 16, 2016 at $30.55. The 50-day moving average is $34.43 and the 200 day moving average is recorded at $37.69. S&P 500 has rallied 1.93% during the last 52-weeks.

Virtusa Corporation (NASDAQ:VRTU): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.57 and $34.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.65, notching a gain of 0.61% for the day. The total traded volume was 293,617 . The stock had closed at $34.44 on the previous day.

Currently the company Insiders own 10.1% of Virtusa Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.08% . Institutional Investors own 85.27% of Virtusa Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.18%. On the companys insider trading activities, Moriarty Rowland T, director of Virtusa Corp, executed a transaction worth $523,435 on June 10, 2016. A total of 15,500 shares were purchased at an average price of $33.77. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Virtusa Corporation (Virtusa) is an information technology services company. The Companys services include information technology (IT) and business consulting, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services. The Companys services enable its clients to accelerate business outcomes by consolidating, rationalizing and modernizing the clients core customer-facing processes into one or more core systems. The Company delivers solutions through a global delivery model, applying advanced methods, such as Agile, an industry standard technique designed to accelerate application development. The Companys offerings include Business and Information Technology consulting services, Technology implementation services, Application outsourcing services, Global delivery model, Platforming approach, Core solutions, Transformational solutions and Millennial solutions.

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